Claro Advisors LLC Reduces Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Claro Advisors LLC reduced its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 13.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,911 shares of the company’s stock after selling 3,182 shares during the period. Claro Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $345,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FPE. Etesian Wealth Advisors Inc. grew its position in First Trust Preferred Securities and Income ETF by 0.3% during the first quarter. Etesian Wealth Advisors Inc. now owns 187,309 shares of the company’s stock worth $3,244,000 after buying an additional 595 shares in the last quarter. Cornerstone Advisory LLC lifted its position 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 valued at $535,000 after purchasing an additional 672 shares during the last quarter. J.W. Cole Advisors Inc. increased its holdings in shares of First Trust Preferred Securities and Income ETF by 1.0% in the 4th quarter. J.W. Cole Advisors Inc. now owns 78,371 shares of the company’s stock worth $1,321,000 after buying an additional 759 shares during the last quarter. Cedrus LLC raised its position in shares of First Trust Preferred Securities and Income ETF by 0.8% during the 4th quarter. Cedrus LLC now owns 101,440 shares of the company’s stock valued at $1,710,000 after buying an additional 815 shares in the last quarter. Finally, Centaurus Financial Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 8.4% during the 4th quarter. Centaurus Financial Inc. now owns 10,936 shares of the company’s stock worth $184,000 after acquiring an additional 848 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA:FPE opened at $17.36 on Tuesday. First Trust Preferred Securities and Income ETF has a 52-week low of $15.46 and a 52-week high of $17.45. The firm has a fifty day moving average of $17.28 and a 200 day moving average of $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.