Gradient Investments LLC decreased its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) by 57.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 330,893 shares of the company’s stock after selling 452,661 shares during the quarter. Gradient Investments LLC owned approximately 0.11% of First Trust Preferred Securities and Income ETF worth $5,744,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 1,480.0% in the fourth quarter. International Assets Investment Management LLC now owns 1,799,288 shares of the company’s stock valued at $30,336,000 after acquiring an additional 1,685,412 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of First Trust Preferred Securities and Income ETF by 44.8% during the fourth quarter. Sequoia Financial Advisors LLC now owns 25,222 shares of the company’s stock worth $425,000 after purchasing an additional 7,802 shares during the period. TRUE Private Wealth Advisors acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at approximately $243,000. Western Wealth Management LLC grew its position in First Trust Preferred Securities and Income ETF by 2.7% during the fourth quarter. Western Wealth Management LLC now owns 276,635 shares of the company’s stock worth $4,664,000 after buying an additional 7,341 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its stake in First Trust Preferred Securities and Income ETF by 1.0% during the 4th quarter. J.W. Cole Advisors Inc. now owns 78,371 shares of the company’s stock worth $1,321,000 after acquiring an additional 759 shares during the period.
First Trust Preferred Securities and Income ETF Trading Up 0.2 %
Shares of First Trust Preferred Securities and Income ETF stock opened at $17.74 on Friday. The firm’s 50-day moving average price is $17.49 and its two-hundred day moving average price is $17.31. First Trust Preferred Securities and Income ETF has a 12-month low of $15.46 and a 12-month high of $17.75.
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.
See Also
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