Vivaldi Capital Management LLC Grows Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

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Vivaldi Capital Management LLC increased its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 25.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,500 shares of the company’s stock after acquiring an additional 2,500 shares during the quarter. Vivaldi Capital Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $242,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Resources Investment Advisors Inc. purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the 1st quarter worth $25,000. Captrust Financial Advisors purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter worth $39,000. Financial Management Professionals Inc. purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter worth $43,000. Princeton Global Asset Management LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the 1st quarter worth $51,000. Finally, Deutsche Bank AG purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at about $78,000.

Shares of FPE stock traded up $0.08 during mid-day trading on Friday, hitting $19.84. 2,609,048 shares of the stock traded hands, compared to its average volume of 1,088,716. The stock’s fifty day moving average is $19.62 and its two-hundred day moving average is $19.34. First Trust Preferred Securities and Income ETF has a 52-week low of $17.76 and a 52-week high of $19.85.

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Institutional Ownership by Quarter for First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

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