Soltis Investment Advisors LLC trimmed its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) by 50.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,988 shares of the company’s stock after selling 83,124 shares during the period. Soltis Investment Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,381,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of the business. Timbuktu Capital Management LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the second quarter worth $27,000. Ascentis Independent Advisors bought a new position in shares of First Trust Preferred Securities and Income ETF in the first quarter worth $29,000. Allied Private Wealth LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF in the second quarter valued at $30,000. Versant Capital Management Inc purchased a new position in shares of First Trust Preferred Securities and Income ETF in the third quarter valued at $45,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in shares of First Trust Preferred Securities and Income ETF in the first quarter valued at $61,000.
First Trust Preferred Securities and Income ETF Trading Down 0.1%
NYSEARCA:FPE opened at $16.96 on Friday. The business’s fifty day moving average is $17.28 and its 200 day moving average is $17.85. First Trust Preferred Securities and Income ETF has a 52-week low of $16.87 and a 52-week high of $18.48.
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.
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