First Trust Preferred Securities and Income ETF $FPE Shares Sold by Cascade Investment Group Inc.

Cascade Investment Group Inc. trimmed its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 5.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,753 shares of the company’s stock after selling 1,600 shares during the quarter. Cascade Investment Group Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $506,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. LVZ Inc. increased its holdings in shares of First Trust Preferred Securities and Income ETF by 2.8% in the 1st quarter. LVZ Inc. now owns 24,142 shares of the company’s stock valued at $425,000 after acquiring an additional 667 shares during the period. Brown Advisory Inc. increased its holdings in shares of First Trust Preferred Securities and Income ETF by 1.3% in the 1st quarter. Brown Advisory Inc. now owns 57,241 shares of the company’s stock valued at $1,007,000 after acquiring an additional 740 shares during the period. Realta Investment Advisors increased its holdings in shares of First Trust Preferred Securities and Income ETF by 5.0% in the 1st quarter. Realta Investment Advisors now owns 18,258 shares of the company’s stock valued at $321,000 after acquiring an additional 864 shares during the period. Perigon Wealth Management LLC increased its holdings in shares of First Trust Preferred Securities and Income ETF by 7.4% in the 1st quarter. Perigon Wealth Management LLC now owns 13,273 shares of the company’s stock valued at $233,000 after acquiring an additional 909 shares during the period. Finally, Valmark Advisers Inc. increased its holdings in shares of First Trust Preferred Securities and Income ETF by 0.4% in the 1st quarter. Valmark Advisers Inc. now owns 262,329 shares of the company’s stock valued at $4,614,000 after acquiring an additional 968 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE opened at $18.06 on Wednesday. The company’s fifty day moving average is $17.91 and its two-hundred day moving average is $17.66. First Trust Preferred Securities and Income ETF has a 1 year low of $16.77 and a 1 year 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.