Burns J W & Co. Inc. NY Sells 6,900 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Burns J W & Co. Inc. NY lessened its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 27.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,025 shares of the company’s stock after selling 6,900 shares during the period. Burns J W & Co. Inc. NY’s holdings in First Trust Preferred Securities and Income ETF were worth $312,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Waterloo Capital L.P. bought a new stake in shares of First Trust Preferred Securities and Income ETF in the 4th quarter valued at about $1,248,000. Brookstone Capital Management increased its holdings in First Trust Preferred Securities and Income ETF by 172.9% during the 4th quarter. Brookstone Capital Management now owns 87,088 shares of the company’s stock valued at $1,468,000 after purchasing an additional 55,171 shares during the period. Eldridge Investment Advisors Inc. increased its holdings in First Trust Preferred Securities and Income ETF by 28.6% during the 4th quarter. Eldridge Investment Advisors Inc. now owns 506,055 shares of the company’s stock valued at $8,532,000 after purchasing an additional 112,546 shares during the period. Summit Financial Wealth Advisors LLC increased its holdings in First Trust Preferred Securities and Income ETF by 42.3% during the 4th quarter. Summit Financial Wealth Advisors LLC now owns 27,781 shares of the company’s stock valued at $468,000 after purchasing an additional 8,259 shares during the period. Finally, Chicago Partners Investment Group LLC increased its holdings in First Trust Preferred Securities and Income ETF by 8.4% during the 4th quarter. Chicago Partners Investment Group LLC now owns 334,467 shares of the company’s stock valued at $5,679,000 after purchasing an additional 26,008 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA:FPE opened at $17.36 on Friday. First Trust Preferred Securities and Income ETF has a 1 year low of $15.46 and a 1 year high of $17.45. The stock’s 50-day moving average is $17.27 and its 200 day moving average is $17.15.

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.