Royal Bank of Canada Sells 3,976,246 Shares of First Trust Preferred Securities and Income ETF $FPE

Royal Bank of Canada trimmed its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 16.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,554,291 shares of the company’s stock after selling 3,976,246 shares during the period. Royal Bank of Canada owned about 0.06% of First Trust Preferred Securities and Income ETF worth $347,088,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FPE. Jane Street Group LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 53.0% during the first quarter. Jane Street Group LLC now owns 262,995 shares of the company’s stock worth $4,626,000 after acquiring an additional 91,118 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of First Trust Preferred Securities and Income ETF by 0.9% in the 2nd quarter. First Trust Advisors LP now owns 163,544 shares of the company’s stock valued at $2,911,000 after purchasing an additional 1,496 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of First Trust Preferred Securities and Income ETF in the 2nd quarter valued at $249,000. NewEdge Advisors LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 2.5% during the 2nd quarter. NewEdge Advisors LLC now owns 371,865 shares of the company’s stock valued at $6,619,000 after purchasing an additional 9,236 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new position in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter valued at $263,000.

First Trust Preferred Securities and Income ETF Trading Down 0.3%

Shares of NYSEARCA:FPE opened at $17.72 on Thursday. The company’s fifty day moving average is $17.92 and its 200 day moving average is $18.07. First Trust Preferred Securities and Income ETF has a 52 week low of $17.54 and a 52 week high of $18.51.

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. FPE was launched on Feb 12, 2013 and is managed by First Trust.