First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Stake Lessened by Waterloo Capital L.P.

Waterloo Capital L.P. decreased its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 35.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,023 shares of the company’s stock after selling 20,007 shares during the period. Waterloo Capital L.P.’s holdings in First Trust Preferred Securities and Income ETF were worth $643,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FPE. Opal Wealth Advisors LLC bought a new stake in First Trust Preferred Securities and Income ETF during the second quarter valued at $26,000. Bogart Wealth LLC bought a new stake in First Trust Preferred Securities and Income ETF during the first quarter valued at $36,000. FSC Wealth Advisors LLC increased its stake in First Trust Preferred Securities and Income ETF by 85.3% during the second quarter. FSC Wealth Advisors LLC now owns 2,172 shares of the company’s stock valued at $38,000 after purchasing an additional 1,000 shares during the last quarter. Indiana Trust & Investment Management CO bought a new stake in First Trust Preferred Securities and Income ETF during the first quarter valued at $44,000. Finally, Larson Financial Group LLC increased its stake in First Trust Preferred Securities and Income ETF by 117.1% during the second quarter. Larson Financial Group LLC now owns 2,672 shares of the company’s stock valued at $46,000 after purchasing an additional 1,441 shares during the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.1 %

FPE stock opened at $18.10 on Thursday. The firm has a fifty day moving average price of $17.70 and a two-hundred day moving average price of $17.43. First Trust Preferred Securities and Income ETF has a 1-year low of $15.46 and a 1-year high of $18.15.

First Trust Preferred Securities and Income ETF Company 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.