Parallel Advisors LLC cut its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) by 7.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,656 shares of the company’s stock after selling 6,742 shares during the period. Parallel Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,428,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Perigon Wealth Management LLC acquired a new position in First Trust Preferred Securities and Income ETF during the fourth quarter valued at $219,000. Atomi Financial Group Inc. bought a new stake in shares of First Trust Preferred Securities and Income ETF during the 4th quarter worth about $232,000. Acorn Wealth Advisors LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF during the 3rd quarter worth about $318,000. JPMorgan Chase & Co. boosted its stake in First Trust Preferred Securities and Income ETF by 29.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 989,613 shares of the company’s stock valued at $17,912,000 after purchasing an additional 224,647 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its stake in First Trust Preferred Securities and Income ETF by 14.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 186,672 shares of the company’s stock valued at $3,304,000 after purchasing an additional 23,067 shares during the period.
First Trust Preferred Securities and Income ETF Stock Performance
Shares of NYSEARCA:FPE opened at $17.70 on Wednesday. The business has a 50 day moving average price of $17.75 and a 200 day moving average price of $17.89. First Trust Preferred Securities and Income ETF has a twelve month low of $16.95 and a twelve month 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.
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