Commonwealth Financial Services LLC Sells 37,598 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Commonwealth Financial Services LLC decreased its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 67.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,984 shares of the company’s stock after selling 37,598 shares during the quarter. Commonwealth Financial Services LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $315,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Ameritas Investment Partners Inc. boosted its stake in shares of First Trust Preferred Securities and Income ETF by 1,275.1% during the second quarter. Ameritas Investment Partners Inc. now owns 410,145 shares of the company’s stock valued at $7,120,000 after purchasing an additional 380,318 shares in the last quarter. RPg Family Wealth Advisory LLC boosted its position in First Trust Preferred Securities and Income ETF by 17.0% during the 2nd quarter. RPg Family Wealth Advisory LLC now owns 20,378 shares of the company’s stock worth $354,000 after buying an additional 2,956 shares during the period. Perennial Investment Advisors LLC acquired a new stake in First Trust Preferred Securities and Income ETF during the 2nd quarter worth approximately $374,000. Moors & Cabot Inc. grew its holdings in First Trust Preferred Securities and Income ETF by 5.9% during the 2nd quarter. Moors & Cabot Inc. now owns 81,204 shares of the company’s stock worth $1,410,000 after acquiring an additional 4,550 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in First Trust Preferred Securities and Income ETF by 9.1% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 399,630 shares of the company’s stock valued at $6,938,000 after acquiring an additional 33,383 shares during the period.

First Trust Preferred Securities and Income ETF Stock Up 0.1 %

FPE stock opened at $18.20 on Monday. The company has a fifty day moving average price of $17.73 and a 200-day moving average price of $17.45. First Trust Preferred Securities and Income ETF has a 52-week low of $15.46 and a 52-week high of $18.20.

First Trust Preferred Securities and Income ETF Profile

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.