Kingswood Wealth Advisors LLC Sells 131,508 Shares of First Trust Preferred Securities and Income ETF $FPE

Kingswood Wealth Advisors LLC lessened its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 11.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,040,215 shares of the company’s stock after selling 131,508 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for 0.9% of Kingswood Wealth Advisors LLC’s investment portfolio, making the stock its 20th largest position. Kingswood Wealth Advisors LLC owned approximately 0.30% of First Trust Preferred Securities and Income ETF worth $18,953,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Inc. grew its stake in First Trust Preferred Securities and Income ETF by 1.7% in the 3rd quarter. Raymond James Financial Inc. now owns 8,885,934 shares of the company’s stock valued at $162,079,000 after purchasing an additional 144,985 shares during the period. Bank of America Corp DE grew its stake in First Trust Preferred Securities and Income ETF by 5.3% in the 3rd quarter. Bank of America Corp DE now owns 7,607,592 shares of the company’s stock valued at $138,762,000 after purchasing an additional 381,048 shares during the period. Ameriprise Financial Inc. grew its stake in First Trust Preferred Securities and Income ETF by 29.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 4,541,584 shares of the company’s stock valued at $82,785,000 after purchasing an additional 1,041,910 shares during the period. HighTower Advisors LLC grew its stake in First Trust Preferred Securities and Income ETF by 12.6% in the 3rd quarter. HighTower Advisors LLC now owns 3,261,881 shares of the company’s stock valued at $59,497,000 after purchasing an additional 365,898 shares during the period. Finally, Advisory Alpha LLC grew its stake in First Trust Preferred Securities and Income ETF by 4.4% in the 3rd quarter. Advisory Alpha LLC now owns 2,183,198 shares of the company’s stock valued at $39,953,000 after purchasing an additional 91,129 shares during the period.

First Trust Preferred Securities and Income ETF Stock Down 0.7%

Shares of NYSEARCA FPE opened at $18.05 on Wednesday. First Trust Preferred Securities and Income ETF has a one year low of $17.06 and a one year high of $18.51. The business’s fifty day moving average price is $18.09 and its 200-day moving average price is $18.22.

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. FPE was launched on Feb 12, 2013 and is managed by First Trust.