Cypress Capital Group Trims Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Cypress Capital Group cut its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 30.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 24,570 shares of the company’s stock after selling 10,750 shares during the quarter. Cypress Capital Group’s holdings in First Trust Preferred Securities and Income ETF were worth $435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. LPL Financial LLC lifted its position in First Trust Preferred Securities and Income ETF by 9.5% in the third quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock valued at $214,968,000 after acquiring an additional 1,035,105 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of First Trust Preferred Securities and Income ETF by 5.0% in the third quarter. HighTower Advisors LLC now owns 2,750,301 shares of the company’s stock valued at $49,777,000 after buying an additional 131,536 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of First Trust Preferred Securities and Income ETF by 19.9% in the third quarter. Stifel Financial Corp now owns 2,056,722 shares of the company’s stock valued at $37,227,000 after buying an additional 341,396 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of First Trust Preferred Securities and Income ETF by 25.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,928,594 shares of the company’s stock valued at $34,136,000 after buying an additional 396,606 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of First Trust Preferred Securities and Income ETF by 1.2% in the third quarter. Rockefeller Capital Management L.P. now owns 1,840,066 shares of the company’s stock valued at $33,290,000 after buying an additional 21,624 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Up 0.2 %

Shares of NYSEARCA:FPE opened at $17.79 on Thursday. The company has a 50-day simple moving average of $17.76 and a 200-day simple moving average of $17.89. First Trust Preferred Securities and Income ETF has a one year low of $16.95 and a one year high of $18.23.

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.