Magnus Financial Group LLC Has $23.07 Million Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Magnus Financial Group LLC raised its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 16.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,368,189 shares of the company’s stock after acquiring an additional 193,706 shares during the quarter. First Trust Preferred Securities and Income ETF comprises 3.0% of Magnus Financial Group LLC’s investment portfolio, making the stock its 6th biggest holding. Magnus Financial Group LLC owned about 0.41% of First Trust Preferred Securities and Income ETF worth $23,068,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. First Horizon Advisors Inc. lifted its position in shares of First Trust Preferred Securities and Income ETF by 264.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,656 shares of the company’s stock valued at $26,000 after acquiring an additional 1,201 shares during the period. Cozad Asset Management Inc. acquired a new position in shares of First Trust Preferred Securities and Income ETF during the third quarter valued at about $160,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of First Trust Preferred Securities and Income ETF during the 3rd quarter worth about $190,000. Diversified LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the 4th quarter valued at about $198,000. Finally, Carmichael Hill & Associates Inc. increased its position in First Trust Preferred Securities and Income ETF by 10.9% in the 4th quarter. Carmichael Hill & Associates Inc. now owns 12,388 shares of the company’s stock valued at $209,000 after buying an additional 1,218 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

FPE stock remained flat at $17.03 during trading on Friday. The company had a trading volume of 679,938 shares, compared to its average volume of 1,415,655. First Trust Preferred Securities and Income ETF has a fifty-two week low of $15.45 and a fifty-two week high of $17.45. The business’s fifty day simple moving average is $17.21 and its 200 day simple moving average is $16.74.

About First Trust Preferred Securities and Income ETF

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.