MGO One Seven LLC Reduces Position in First Trust Preferred Securities and Income ETF $FPE

MGO One Seven LLC lessened its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 1.2% in the 2nd quarter, Holdings Channel reports. The fund owned 367,860 shares of the company’s stock after selling 4,463 shares during the quarter. MGO One Seven LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $6,548,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FPE. Hazlett Burt & Watson Inc. purchased a new stake in First Trust Preferred Securities and Income ETF during the 1st quarter valued at about $28,000. Bessemer Group Inc. acquired a new position in First Trust Preferred Securities and Income ETF in the 1st quarter valued at about $79,000. Capital Analysts LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 13,641.0% in the 1st quarter. Capital Analysts LLC now owns 5,359 shares of the company’s stock valued at $94,000 after purchasing an additional 5,320 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in First Trust Preferred Securities and Income ETF by 12.7% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,160 shares of the company’s stock valued at $110,000 after purchasing an additional 695 shares during the last quarter. Finally, Mendota Financial Group LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 20.7% in the 1st quarter. Mendota Financial Group LLC now owns 8,814 shares of the company’s stock valued at $155,000 after purchasing an additional 1,513 shares during the last quarter.

First Trust Preferred Securities and Income ETF Trading Down 0.7%

NYSEARCA:FPE opened at $18.14 on Monday. The company’s 50-day moving average is $18.18 and its two-hundred day moving average is $17.77. First Trust Preferred Securities and Income ETF has a 1-year low of $16.77 and a 1-year high of $18.42.

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.