Patriot Financial Group Insurance Agency LLC Cuts Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Patriot Financial Group Insurance Agency LLC reduced its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,860 shares of the company’s stock after selling 1,334 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,095,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of FPE. LPL Financial LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 9.5% during the 3rd quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock worth $214,968,000 after acquiring an additional 1,035,105 shares in the last quarter. HighTower Advisors LLC boosted its position in First Trust Preferred Securities and Income ETF by 5.0% during the third quarter. HighTower Advisors LLC now owns 2,750,301 shares of the company’s stock worth $49,777,000 after purchasing an additional 131,536 shares in the last quarter. Stifel Financial Corp grew its holdings in First Trust Preferred Securities and Income ETF by 19.9% in the third quarter. Stifel Financial Corp now owns 2,056,722 shares of the company’s stock valued at $37,227,000 after purchasing an additional 341,396 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of First Trust Preferred Securities and Income ETF by 1.2% in the third quarter. Rockefeller Capital Management L.P. now owns 1,840,066 shares of the company’s stock valued at $33,290,000 after buying an additional 21,624 shares in the last quarter. Finally, Prospera Financial Services Inc raised its stake in shares of First Trust Preferred Securities and Income ETF by 15.7% during the 3rd quarter. Prospera Financial Services Inc now owns 1,622,012 shares of the company’s stock worth $29,362,000 after buying an additional 220,692 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA FPE opened at $17.73 on Wednesday. The company’s 50-day moving average price is $17.79 and its 200 day moving average price is $17.85. First Trust Preferred Securities and Income ETF has a 52 week low of $16.95 and a 52 week high of $18.23.

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.