First Trust Preferred Securities and Income ETF $FPE Holdings Decreased by Arax Advisory Partners

Arax Advisory Partners trimmed its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 43.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,136,717 shares of the company’s stock after selling 1,638,815 shares during the period. First Trust Preferred Securities and Income ETF makes up approximately 1.1% of Arax Advisory Partners’ investment portfolio, making the stock its 16th largest position. Arax Advisory Partners’ holdings in First Trust Preferred Securities and Income ETF were worth $38,931,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. grew its stake in First Trust Preferred Securities and Income ETF by 7.5% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 628,645 shares of the company’s stock worth $11,466,000 after buying an additional 44,103 shares during the last quarter. Citigroup Inc. grew its stake in First Trust Preferred Securities and Income ETF by 17.2% during the 3rd quarter. Citigroup Inc. now owns 985,145 shares of the company’s stock worth $17,969,000 after buying an additional 144,720 shares during the last quarter. Vestmark Advisory Solutions Inc. bought a new position in First Trust Preferred Securities and Income ETF during the 3rd quarter worth $3,403,000. Econ Financial Services Corp bought a new position in First Trust Preferred Securities and Income ETF during the 4th quarter worth $2,129,000. Finally, Stratos Wealth Partners LTD. grew its stake in First Trust Preferred Securities and Income ETF by 17.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 427,459 shares of the company’s stock worth $7,788,000 after buying an additional 62,762 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE opened at $17.96 on Friday. The stock has a fifty day moving average price of $18.02 and a 200 day moving average price of $18.15. First Trust Preferred Securities and Income ETF has a 12 month low of $17.54 and a 12 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. FPE was launched on Feb 12, 2013 and is managed by First Trust.