&Partners Sells 22,898 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

&Partners reduced its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 32.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,104 shares of the company’s stock after selling 22,898 shares during the quarter. &Partners’ holdings in First Trust Preferred Securities and Income ETF were worth $819,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Cornerstone Advisory LLC increased its stake in First Trust Preferred Securities and Income ETF by 2.2% during the fourth quarter. Cornerstone Advisory LLC now owns 31,729 shares of the company’s stock worth $535,000 after acquiring an additional 672 shares during the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 1.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 78,371 shares of the company’s stock valued at $1,321,000 after buying an additional 759 shares during the last quarter. Cedrus LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 0.8% during the fourth quarter. Cedrus LLC now owns 101,440 shares of the company’s stock valued at $1,710,000 after buying an additional 815 shares during the last quarter. Centaurus Financial Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 8.4% during the fourth quarter. Centaurus Financial Inc. now owns 10,936 shares of the company’s stock valued at $184,000 after buying an additional 848 shares during the last quarter. Finally, Hilltop Holdings Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 9.0% during the fourth quarter. Hilltop Holdings Inc. now owns 10,896 shares of the company’s stock valued at $184,000 after buying an additional 896 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Up 0.1 %

FPE opened at $17.39 on Monday. The stock’s 50 day moving average price is $17.24 and its 200-day moving average price is $17.12. First Trust Preferred Securities and Income ETF has a one year low of $15.46 and a one year high of $17.45.

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.