Private Advisor Group LLC Reduces Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Private Advisor Group LLC lessened its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 18.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 359,155 shares of the company’s stock after selling 79,831 shares during the quarter. Private Advisor Group LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $6,501,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FPE. Global Assets Advisory LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the 1st quarter valued at about $302,000. Kingswood Wealth Advisors LLC boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 16.4% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 17,849 shares of the company’s stock valued at $309,000 after acquiring an additional 2,519 shares during the last quarter. Brookstone Capital Management boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 19.4% during the 1st quarter. Brookstone Capital Management now owns 103,999 shares of the company’s stock valued at $1,801,000 after acquiring an additional 16,911 shares during the last quarter. SteelPeak Wealth LLC boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 50.4% during the 1st quarter. SteelPeak Wealth LLC now owns 27,279 shares of the company’s stock valued at $472,000 after acquiring an additional 9,137 shares during the last quarter. Finally, Edmonds Duncan Registered Investment Advisors LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF by 0.6% in the 1st quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 149,957 shares of the company’s stock worth $2,597,000 after purchasing an additional 825 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA:FPE opened at $18.00 on Friday. The firm’s 50 day moving average price is $18.01 and its 200-day moving average price is $17.58. First Trust Preferred Securities and Income ETF has a twelve month low of $15.46 and a twelve month high of $18.23.

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.