Schnieders Capital Management LLC Sells 1,000 Shares of First Trust Preferred Securities and Income ETF $FPE

Schnieders Capital Management LLC cut its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.4% in the 2nd quarter, Holdings Channel reports. The firm owned 21,590 shares of the company’s stock after selling 1,000 shares during the period. Schnieders Capital Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $384,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Oppenheimer & Co. Inc. increased its position in shares of First Trust Preferred Securities and Income ETF by 3.0% during the first quarter. Oppenheimer & Co. Inc. now owns 408,785 shares of the company’s stock valued at $7,191,000 after buying an additional 11,971 shares during the period. Valmark Advisers Inc. boosted its position in First Trust Preferred Securities and Income ETF by 0.4% during 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 in the last quarter. Family Legacy Inc. grew its holdings in shares of First Trust Preferred Securities and Income ETF by 0.6% during the 1st quarter. Family Legacy Inc. now owns 293,911 shares of the company’s stock worth $5,170,000 after acquiring an additional 1,770 shares during the period. International Assets Investment Management LLC raised its position in shares of First Trust Preferred Securities and Income ETF by 60.6% in the 1st quarter. International Assets Investment Management LLC now owns 138,454 shares of the company’s stock worth $2,435,000 after acquiring an additional 52,221 shares in the last quarter. Finally, Spire Wealth Management raised its position in shares of First Trust Preferred Securities and Income ETF by 9.5% in the 1st quarter. Spire Wealth Management now owns 12,534 shares of the company’s stock worth $220,000 after acquiring an additional 1,084 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

NYSEARCA FPE opened at $18.51 on Tuesday. The stock’s 50 day moving average is $18.23 and its 200 day moving average is $17.81. First Trust Preferred Securities and Income ETF has a twelve month low of $16.77 and a twelve month high of $18.51.

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.