Independent Wealth Network Inc. cut its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) by 28.6% during the first quarter, HoldingsChannel reports. The fund owned 87,627 shares of the company’s stock after selling 35,071 shares during the quarter. Independent Wealth Network Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $1,555,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in FPE. Brown Brothers Harriman & Co. bought a new stake in First Trust Preferred Securities and Income ETF during the fourth quarter valued at about $39,000. Ameriflex Group Inc. raised its holdings in First Trust Preferred Securities and Income ETF by 339.3% in the third quarter. Ameriflex Group Inc. now owns 2,372 shares of the company’s stock worth $43,000 after purchasing an additional 1,832 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in First Trust Preferred Securities and Income ETF in the fourth quarter worth about $45,000. Raleigh Capital Management Inc. lifted its position in shares of First Trust Preferred Securities and Income ETF by 42.8% during the fourth quarter. Raleigh Capital Management Inc. now owns 2,507 shares of the company’s stock valued at $46,000 after buying an additional 752 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 91.5% during the fourth quarter. Larson Financial Group LLC now owns 2,873 shares of the company’s stock valued at $52,000 after buying an additional 1,373 shares during the last quarter.
First Trust Preferred Securities and Income ETF Stock Performance
NYSEARCA:FPE opened at $17.88 on Friday. 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. The company’s 50-day simple moving average is $18.02 and its 200-day simple moving average is $18.13.
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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