Oppenheimer & Co. Inc. trimmed its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) by 24.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 452,791 shares of the company’s stock after selling 149,132 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $7,720,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the stock. Timbuktu Capital Management LLC acquired a new position in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter worth approximately $27,000. Ascentis Independent Advisors bought a new stake in shares of First Trust Preferred Securities and Income ETF during the 1st quarter worth approximately $29,000. Allied Private Wealth LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter worth approximately $30,000. Versant Capital Management Inc bought a new stake in shares of First Trust Preferred Securities and Income ETF during the 3rd quarter worth approximately $45,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the 1st quarter valued at approximately $61,000.
First Trust Preferred Securities and Income ETF Price Performance
NYSEARCA FPE opened at $16.92 on Thursday. First Trust Preferred Securities and Income ETF has a 12 month low of $16.87 and a 12 month high of $18.48. The stock has a 50 day moving average of $17.32 and a 200-day moving average of $17.86.
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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