Triumph Capital Management lessened its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) by 78.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 71,552 shares of the company’s stock after selling 254,731 shares during the period. Triumph Capital Management’s holdings in First Trust Preferred Securities and Income ETF were worth $1,220,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in FPE. Paller Financial Services Inc raised its position in shares of First Trust Preferred Securities and Income ETF by 1.4% during the third quarter. Paller Financial Services Inc now owns 56,735 shares of the company’s stock worth $967,000 after purchasing an additional 765 shares during the period. Tanager Wealth Management LLP grew its position in First Trust Preferred Securities and Income ETF by 1.9% in the 2nd quarter. Tanager Wealth Management LLP now owns 49,731 shares of the company’s stock valued at $889,000 after purchasing an additional 927 shares during the period. Freedom Financial Partners LLC grew its position in First Trust Preferred Securities and Income ETF by 2.4% in the 1st quarter. Freedom Financial Partners LLC now owns 40,165 shares of the company’s stock valued at $713,000 after purchasing an additional 946 shares during the period. TrueWealth Advisors LLC increased its stake in First Trust Preferred Securities and Income ETF by 1.7% during the 2nd quarter. TrueWealth Advisors LLC now owns 57,323 shares of the company’s stock valued at $1,025,000 after purchasing an additional 947 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in First Trust Preferred Securities and Income ETF by 9.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,510 shares of the company’s stock valued at $240,000 after purchasing an additional 1,123 shares in the last quarter.
First Trust Preferred Securities and Income ETF Stock Performance
FPE stock traded down $0.05 during midday trading on Wednesday, reaching $17.00. 2,266,726 shares of the company’s stock traded hands, compared to its average volume of 1,346,852. The firm’s fifty day moving average price is $17.49 and its 200-day moving average price is $17.79. First Trust Preferred Securities and Income ETF has a 52 week low of $16.94 and a 52 week high of $18.51.
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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