Marion Wealth Management Has $5.64 Million Stock Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Marion Wealth Management raised its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 5.6% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 311,810 shares of the company’s stock after buying an additional 16,545 shares during the period. First Trust Preferred Securities and Income ETF comprises approximately 1.5% of Marion Wealth Management’s holdings, making the stock its 18th largest holding. Marion Wealth Management owned about 0.10% of First Trust Preferred Securities and Income ETF worth $5,644,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in FPE. OLD Mission Capital LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 26,692.8% in the fourth quarter. OLD Mission Capital LLC now owns 2,835,478 shares of the company’s stock valued at $47,806,000 after buying an additional 2,824,895 shares during the period. Cetera Investment Advisers lifted its stake in shares of First Trust Preferred Securities and Income ETF by 194.9% in the 1st quarter. Cetera Investment Advisers now owns 1,141,966 shares of the company’s stock valued at $19,779,000 after purchasing an additional 754,718 shares during the period. Waverly Advisors LLC acquired a new position in shares of First Trust Preferred Securities and Income ETF in the 1st quarter valued at $11,610,000. Synergy Asset Management LLC bought a new position in shares of First Trust Preferred Securities and Income ETF in the 1st quarter worth $7,359,000. Finally, Ameritas Investment Partners Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 1,275.1% during the second quarter. Ameritas Investment Partners Inc. now owns 410,145 shares of the company’s stock worth $7,120,000 after purchasing an additional 380,318 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA:FPE opened at $18.08 on Tuesday. First Trust Preferred Securities and Income ETF has a 1-year low of $15.46 and a 1-year high of $18.23. The business’s 50-day moving average price is $17.86 and its two-hundred day moving average price is $17.51.

First Trust Preferred Securities and Income ETF Company 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.