Thrivent Financial for Lutherans Has $325,000 Stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Thrivent Financial for Lutherans raised its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 21.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,029 shares of the company’s stock after buying an additional 3,191 shares during the period. Thrivent Financial for Lutherans’ holdings in First Trust Preferred Securities and Income ETF were worth $325,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raleigh Capital Management Inc. raised its stake in shares of First Trust Preferred Securities and Income ETF by 96.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock worth $30,000 after purchasing an additional 826 shares in the last quarter. Promus Capital LLC bought a new stake in First Trust Preferred Securities and Income ETF during the fourth quarter worth $35,000. ORG Partners LLC raised its position in First Trust Preferred Securities and Income ETF by 1,655.6% during the fourth quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock worth $47,000 after acquiring an additional 2,500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in First Trust Preferred Securities and Income ETF by 435.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock valued at $68,000 after acquiring an additional 3,130 shares during the last quarter. Finally, Ehrlich Financial Group bought a new position in shares of First Trust Preferred Securities and Income ETF in the 4th quarter valued at about $181,000.

First Trust Preferred Securities and Income ETF Stock Performance

First Trust Preferred Securities and Income ETF stock opened at $17.22 on Friday. The company’s 50-day moving average is $17.74 and its 200-day moving average is $17.86. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.95 and a fifty-two week high of $18.23.

First Trust Preferred Securities and Income ETF Profile

The First Trust Preferred Securities and Income ETF (FPE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by investing globally in preferred equities and income producing debt across the market cap spectrum.