SPC Financial Inc. Reduces Holdings in First Trust Preferred Securities and Income ETF $FPE

SPC Financial Inc. reduced its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 11.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,657 shares of the company’s stock after selling 5,205 shares during the quarter. SPC Financial Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $706,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. LVZ Inc. grew its holdings in First Trust Preferred Securities and Income ETF by 2.8% in the 1st quarter. LVZ Inc. now owns 24,142 shares of the company’s stock valued at $425,000 after buying an additional 667 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of First Trust Preferred Securities and Income ETF by 12.7% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,160 shares of the company’s stock worth $110,000 after purchasing an additional 695 shares during the period. Blue Zone Wealth Advisors LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 7.2% during the 2nd quarter. Blue Zone Wealth Advisors LLC now owns 10,842 shares of the company’s stock worth $193,000 after purchasing an additional 732 shares during the period. Brown Advisory Inc. grew its holdings in shares of First Trust Preferred Securities and Income ETF by 1.3% during the 1st quarter. Brown Advisory Inc. now owns 57,241 shares of the company’s stock worth $1,007,000 after purchasing an additional 740 shares during the period. Finally, Realta Investment Advisors grew its holdings in shares of First Trust Preferred Securities and Income ETF by 5.0% during the 1st quarter. Realta Investment Advisors now owns 18,258 shares of the company’s stock worth $321,000 after purchasing an additional 864 shares during the period.

First Trust Preferred Securities and Income ETF Trading Down 0.7%

NYSEARCA FPE opened at $18.14 on Friday. First Trust Preferred Securities and Income ETF has a twelve month low of $16.77 and a twelve month high of $18.42. The stock has a fifty day simple moving average of $18.18 and a 200-day simple moving average of $17.77.

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.