First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Sold by Apriem Advisors

Apriem Advisors lessened its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 24.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,680 shares of the company’s stock after selling 7,320 shares during the period. Apriem Advisors’ holdings in First Trust Preferred Securities and Income ETF were worth $401,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of FPE. Creative Planning raised its position in shares of First Trust Preferred Securities and Income ETF by 32.8% during the 3rd quarter. Creative Planning now owns 14,869 shares of the company’s stock worth $269,000 after purchasing an additional 3,669 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in First Trust Preferred Securities and Income ETF by 141.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 67,000 shares of the company’s stock worth $1,215,000 after buying an additional 39,297 shares during the period. Arkadios Wealth Advisors lifted its stake in First Trust Preferred Securities and Income ETF by 111.0% in the third quarter. Arkadios Wealth Advisors now owns 24,432 shares of the company’s stock valued at $442,000 after buying an additional 12,855 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 5.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 559,805 shares of the company’s stock valued at $10,132,000 after acquiring an additional 28,854 shares during the period. Finally, Strategic Blueprint LLC grew its position in shares of First Trust Preferred Securities and Income ETF by 5.8% during the third quarter. Strategic Blueprint LLC now owns 48,766 shares of the company’s stock worth $883,000 after acquiring an additional 2,667 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

FPE stock opened at $17.82 on Thursday. The firm’s 50-day simple moving average is $17.75 and its 200 day simple moving average is $17.89. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.95 and a fifty-two 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.