International Assets Investment Management LLC lessened its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) by 39.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 114,709 shares of the company’s stock after selling 74,560 shares during the period. International Assets Investment Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $2,044,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in FPE. World Investment Advisors acquired a new position in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at $526,000. Econ Financial Services Corp acquired a new stake in First Trust Preferred Securities and Income ETF during the fourth quarter worth $2,129,000. Appleton Partners Inc. MA boosted its stake in First Trust Preferred Securities and Income ETF by 26.5% during the fourth quarter. Appleton Partners Inc. MA now owns 203,925 shares of the company’s stock worth $3,716,000 after buying an additional 42,681 shares in the last quarter. Juno Financial Group LLC bought a new stake in First Trust Preferred Securities and Income ETF in the 4th quarter valued at $5,561,000. Finally, Stratos Wealth Partners LTD. increased its holdings in First Trust Preferred Securities and Income ETF by 17.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 427,459 shares of the company’s stock valued at $7,788,000 after buying an additional 62,762 shares during the period.
First Trust Preferred Securities and Income ETF Stock Performance
Shares of FPE stock opened at $17.93 on Monday. First Trust Preferred Securities and Income ETF has a 52-week low of $17.54 and a 52-week high of $18.51. The firm has a fifty day moving average of $17.98 and a 200-day moving average of $18.10.
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. FPE was launched on Feb 12, 2013 and is managed by First Trust.
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