Affinity Wealth Management LLC Sells 22,247 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Affinity Wealth Management LLC trimmed its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,328,554 shares of the company’s stock after selling 22,247 shares during the quarter. First Trust Preferred Securities and Income ETF makes up about 4.3% of Affinity Wealth Management LLC’s portfolio, making the stock its 11th biggest holding. Affinity Wealth Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $24,047,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Cetera Investment Advisers grew its holdings in First Trust Preferred Securities and Income ETF by 194.9% during the first quarter. Cetera Investment Advisers now owns 1,141,966 shares of the company’s stock worth $19,779,000 after purchasing an additional 754,718 shares during the period. Waverly Advisors LLC acquired a new position in shares of First Trust Preferred Securities and Income ETF during the 1st quarter worth approximately $11,610,000. Synergy Asset Management LLC bought a new stake in First Trust Preferred Securities and Income ETF in the 1st quarter valued at $7,359,000. Ameritas Investment Partners Inc. lifted its holdings in First Trust Preferred Securities and Income ETF by 1,275.1% during the 2nd 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 during the last quarter. Finally, LPL Financial LLC boosted its position in First Trust Preferred Securities and Income ETF by 3.5% during the second quarter. LPL Financial LLC now owns 10,841,607 shares of the company’s stock worth $188,210,000 after purchasing an additional 362,026 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA:FPE remained flat at $18.13 on Monday. 95,357 shares of the company’s stock traded hands, compared to its average volume of 1,233,708. The stock’s fifty day moving average is $17.90 and its 200 day moving average is $17.53. First Trust Preferred Securities and Income ETF has a 12-month low of $15.46 and a 12-month high of $18.23.

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.