First Trust Preferred Securities and Income ETF $FPE Shares Sold by Prasad Wealth Partners LLC

Prasad Wealth Partners LLC lessened its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 11.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 395,428 shares of the company’s stock after selling 49,265 shares during the quarter. First Trust Preferred Securities and Income ETF comprises 2.1% of Prasad Wealth Partners LLC’s holdings, making the stock its 22nd largest position. Prasad Wealth Partners LLC owned 0.12% of First Trust Preferred Securities and Income ETF worth $7,039,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Hazlett Burt & Watson Inc. acquired a new position in shares of First Trust Preferred Securities and Income ETF during the 1st quarter worth approximately $28,000. Bessemer Group Inc. acquired a new position in First Trust Preferred Securities and Income ETF during the first quarter worth $79,000. Capital Analysts LLC grew 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 buying an additional 5,320 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of 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 worth $110,000 after acquiring an additional 695 shares during the last quarter. Finally, Mendota Financial Group LLC raised its holdings in shares of First Trust Preferred Securities and Income ETF by 20.7% during the 1st quarter. Mendota Financial Group LLC now owns 8,814 shares of the company’s stock worth $155,000 after acquiring an additional 1,513 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

First Trust Preferred Securities and Income ETF stock opened at $18.28 on Tuesday. The company has a 50-day moving average price of $18.15 and a 200 day moving average price of $17.76. First Trust Preferred Securities and Income ETF has a 12-month low of $16.77 and a 12-month high of $18.42.

First Trust Preferred Securities and Income ETF Company 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.