First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Sold by AdvisorNet Financial Inc

AdvisorNet Financial Inc lessened its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 5.6% in the second quarter, HoldingsChannel.com reports. The firm owned 11,162 shares of the company’s stock after selling 661 shares during the quarter. AdvisorNet Financial Inc’s holdings in First Trust Preferred Securities and Income ETF were worth $194,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Waterloo Capital L.P. purchased a new position in shares of First Trust Preferred Securities and Income ETF in the 4th quarter valued at about $1,248,000. Eldridge Investment Advisors Inc. increased its holdings in shares of First Trust Preferred Securities and Income ETF by 28.6% in 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 in the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of First Trust Preferred Securities and Income ETF by 8.4% in 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 in the last quarter. Beacon Financial Group purchased a new position in shares of First Trust Preferred Securities and Income ETF in the 4th quarter valued at about $2,490,000. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in First Trust Preferred Securities and Income ETF by 3.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 1,245,887 shares of the company’s stock valued at $21,006,000 after acquiring an additional 36,186 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

NYSEARCA:FPE traded up $0.04 during mid-day trading on Thursday, hitting $17.70. 1,089,284 shares of the company’s stock traded hands, compared to its average volume of 1,251,379. The firm’s 50 day simple moving average is $17.48 and its 200 day simple moving average is $17.30. First Trust Preferred Securities and Income ETF has a 1 year low of $15.46 and a 1 year high of $17.71.

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.