First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Sold by Advanced Asset Management Advisors Inc

Advanced Asset Management Advisors Inc lessened its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 51.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,000 shares of the company’s stock after selling 18,900 shares during the period. Advanced Asset Management Advisors Inc’s holdings in First Trust Preferred Securities and Income ETF were worth $303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in FPE. HighTower Advisors LLC acquired a new position in shares of First Trust Preferred Securities and Income ETF in the 3rd quarter valued at $41,204,000. International Assets Investment Management LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 1,480.0% during the fourth quarter. International Assets Investment Management LLC now owns 1,799,288 shares of the company’s stock worth $30,336,000 after purchasing an additional 1,685,412 shares during the last quarter. Stonebridge Advisors LLC increased its stake in First Trust Preferred Securities and Income ETF by 241.2% in the 4th quarter. Stonebridge Advisors LLC now owns 1,972,113 shares of the company’s stock valued at $33,250,000 after buying an additional 1,394,132 shares during the period. Price Capital Management Inc. acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the 4th quarter worth $20,313,000. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of First Trust Preferred Securities and Income ETF during the fourth quarter worth about $13,331,000.

First Trust Preferred Securities and Income ETF Trading Down 0.2 %

NYSEARCA FPE traded down $0.03 during trading hours on Thursday, hitting $17.03. 856,165 shares of the stock were exchanged, compared to its average volume of 1,424,852. First Trust Preferred Securities and Income ETF has a 12-month low of $15.45 and a 12-month high of $17.45. The stock has a 50-day moving average of $17.21 and a 200 day moving average of $16.72.

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.