First Trust Preferred Securities and Income ETF $FPE Shares Sold by Cypress Capital Group

Cypress Capital Group decreased its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 17.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,667 shares of the company’s stock after selling 6,278 shares during the quarter. Cypress Capital Group’s holdings in First Trust Preferred Securities and Income ETF were worth $546,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brown Advisory Inc. raised its stake in First Trust Preferred Securities and Income ETF by 1.3% during the first quarter. Brown Advisory Inc. now owns 57,241 shares of the company’s stock worth $1,007,000 after acquiring an additional 740 shares during the period. Bessemer Group Inc. acquired a new stake in First Trust Preferred Securities and Income ETF during the first quarter worth about $79,000. Spire Wealth Management raised its stake in First Trust Preferred Securities and Income ETF by 9.5% during the first quarter. Spire Wealth Management now owns 12,534 shares of the company’s stock worth $220,000 after acquiring an additional 1,084 shares during the period. Farther Finance Advisors LLC raised its stake in First Trust Preferred Securities and Income ETF by 34.3% during the first quarter. Farther Finance Advisors LLC now owns 11,603 shares of the company’s stock worth $204,000 after acquiring an additional 2,964 shares during the period. Finally, Parallel Advisors LLC raised its stake in First Trust Preferred Securities and Income ETF by 9.7% during the second quarter. Parallel Advisors LLC now owns 96,072 shares of the company’s stock worth $1,710,000 after acquiring an additional 8,458 shares during the period.

First Trust Preferred Securities and Income ETF Trading Up 0.4%

FPE opened at $18.22 on Tuesday. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.77 and a fifty-two week high of $18.42. The company’s 50-day moving average price is $18.18 and its 200 day moving average price is $17.78.

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.