First Trust Preferred Securities and Income ETF $FPE Stock: Oppenheimer & Co. Inc. Trims Holdings

Oppenheimer & Co. Inc. reduced its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 24.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 452,791 shares of the company’s stock after selling 149,132 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.13% of First Trust Preferred Securities and Income ETF worth $7,720,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of FPE. Baird Financial Group Inc. boosted its stake in First Trust Preferred Securities and Income ETF by 3.4% in the second quarter. Baird Financial Group Inc. now owns 2,028,641 shares of the company’s stock valued at $36,272,000 after acquiring an additional 66,507 shares during the last quarter. Compass Financial Management LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF in the second quarter worth about $2,536,000. Kestra Advisory Services LLC raised its holdings in First Trust Preferred Securities and Income ETF by 4.7% during the 1st quarter. Kestra Advisory Services LLC now owns 2,425,646 shares of the company’s stock worth $43,055,000 after buying an additional 108,076 shares during the period. Scarborough Advisors LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the first quarter worth $1,792,000. Finally, Fifth Third Bancorp acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the 1st quarter valued at about $8,484,000.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE opened at $16.92 on Thursday. First Trust Preferred Securities and Income ETF has a 12 month low of $16.87 and a 12 month high of $18.48. The firm has a fifty day simple moving average of $17.32 and a 200 day simple moving average of $17.86.

First Trust Preferred Securities and Income ETF 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. FPE was launched on Feb 12, 2013 and is managed by First Trust.