Park National Corp OH Cuts Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Park National Corp OH decreased its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 8.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,713,574 shares of the company’s stock after selling 235,796 shares during the quarter. First Trust Preferred Securities and Income ETF makes up 1.8% of Park National Corp OH’s holdings, making the stock its 10th largest holding. Park National Corp OH’s holdings in First Trust Preferred Securities and Income ETF were worth $48,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Ameliora Wealth Management Ltd. lifted its stake in First Trust Preferred Securities and Income ETF by 93.1% in the third quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock valued at $26,000 after acquiring an additional 690 shares during the last quarter. Mattson Financial Services LLC acquired a new stake in First Trust Preferred Securities and Income ETF in the 2nd quarter valued at about $46,000. Strategic Financial Concepts LLC grew its holdings in First Trust Preferred Securities and Income ETF by 172.2% during the second quarter. Strategic Financial Concepts LLC now owns 301,338 shares of the company’s stock worth $52,000 after purchasing an additional 190,646 shares during the period. FSC Wealth Advisors LLC increased its position in First Trust Preferred Securities and Income ETF by 75.9% during the third quarter. FSC Wealth Advisors LLC now owns 3,820 shares of the company’s stock worth $69,000 after buying an additional 1,648 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in First Trust Preferred Securities and Income ETF in the second quarter valued at approximately $159,000.

First Trust Preferred Securities and Income ETF Price Performance

FPE stock opened at $17.68 on Wednesday. First Trust Preferred Securities and Income ETF has a 1-year low of $16.73 and a 1-year high of $18.23. The business’s 50 day simple moving average is $17.87 and its 200 day simple moving average is $17.82.

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.