Cornell Pochily Investment Advisors Inc. Sells 11,954 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Cornell Pochily Investment Advisors Inc. lowered its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 17.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,436 shares of the company’s stock after selling 11,954 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $968,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC bought a new stake in First Trust Preferred Securities and Income ETF in the 4th quarter valued at about $4,749,000. Acorn Financial Advisory Services Inc. ADV purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at approximately $260,000. Kingswood Wealth Advisors LLC bought a new position in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at approximately $258,000. Cascade Investment Group Inc. raised its holdings in shares of First Trust Preferred Securities and Income ETF by 27.2% during the fourth quarter. Cascade Investment Group Inc. now owns 30,833 shares of the company’s stock valued at $520,000 after acquiring an additional 6,588 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in First Trust Preferred Securities and Income ETF by 5.8% in the fourth quarter. Raymond James & Associates now owns 3,102,085 shares of the company’s stock worth $52,301,000 after purchasing an additional 169,272 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA:FPE traded up $0.05 on Thursday, hitting $17.37. 406,613 shares of the company traded hands, compared to its average volume of 1,341,312. First Trust Preferred Securities and Income ETF has a 52 week low of $15.45 and a 52 week high of $17.45. The stock has a 50 day simple moving average of $17.15 and a 200-day simple moving average of $16.55.

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.