Integrity Wealth Advisors Inc. lowered its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) by 68.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 664,866 shares of the company’s stock after selling 1,467,864 shares during the period. First Trust Preferred Securities and Income ETF accounts for approximately 8.3% of Integrity Wealth Advisors Inc.’s portfolio, making the stock its 3rd biggest holding. Integrity Wealth Advisors Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $12,167,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. lifted its holdings in First Trust Preferred Securities and Income ETF by 7.5% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 628,645 shares of the company’s stock valued at $11,466,000 after purchasing an additional 44,103 shares in the last quarter. Citigroup Inc. lifted its holdings in First Trust Preferred Securities and Income ETF by 17.2% in the 3rd quarter. Citigroup Inc. now owns 985,145 shares of the company’s stock valued at $17,969,000 after purchasing an additional 144,720 shares in the last quarter. Vestmark Advisory Solutions Inc. purchased a new position in First Trust Preferred Securities and Income ETF in the 3rd quarter valued at $3,403,000. Econ Financial Services Corp purchased a new position in First Trust Preferred Securities and Income ETF in the 4th quarter valued at $2,129,000. Finally, Stratos Wealth Partners LTD. lifted 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 purchasing an additional 62,762 shares in the last quarter.
First Trust Preferred Securities and Income ETF Stock Performance
Shares of FPE stock opened at $17.98 on Thursday. The stock’s fifty day moving average is $18.03 and its two-hundred day moving average is $18.14. First Trust Preferred Securities and Income ETF has a fifty-two week low of $17.54 and a fifty-two week 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.
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