International Assets Investment Management LLC cut its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) by 39.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,709 shares of the company’s stock after selling 74,560 shares during the period. International Assets Investment Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $2,044,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Sequoia Financial Advisors LLC boosted its stake in First Trust Preferred Securities and Income ETF by 3.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 20,206 shares of the company’s stock valued at $368,000 after buying an additional 628 shares in the last quarter. Visionary Wealth Advisors raised its stake in First Trust Preferred Securities and Income ETF by 0.9% during the second quarter. Visionary Wealth Advisors now owns 69,297 shares of the company’s stock worth $1,233,000 after acquiring an additional 634 shares in the last quarter. Raleigh Capital Management Inc. raised its stake in First Trust Preferred Securities and Income ETF by 42.8% during the fourth quarter. Raleigh Capital Management Inc. now owns 2,507 shares of the company’s stock worth $46,000 after acquiring an additional 752 shares in the last quarter. Centaurus Financial Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 7.3% during the third quarter. Centaurus Financial Inc. now owns 11,840 shares of the company’s stock valued at $216,000 after acquiring an additional 810 shares during the period. Finally, Measured Wealth Private Client Group LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 7.2% during the third quarter. Measured Wealth Private Client Group LLC now owns 12,432 shares of the company’s stock valued at $227,000 after acquiring an additional 838 shares during the period.
First Trust Preferred Securities and Income ETF Stock Performance
Shares of NYSEARCA:FPE opened at $17.93 on Monday. First Trust Preferred Securities and Income ETF has a 52 week low of $17.54 and a 52 week high of $18.51. The company’s fifty day moving average is $17.98 and its 200-day moving average is $18.10.
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. FPE was launched on Feb 12, 2013 and is managed by First Trust.
See Also
- Five stocks we like better than First Trust Preferred Securities and Income ETF
- 3 Rare-Earth ETFs That Help Investors Balance Exposure and Risk
- Microsoft Bets on In-House AI to Cut OpenAI and Anthropic Costs
- Delta Air Lines Lives Up to Its Claims: Shares Can Keep Climbing
- This Dividend ETF Choice Could Shape Your Income Strategy Through 2026
Want to see what other hedge funds are holding FPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report).
Receive News & Ratings for First Trust Preferred Securities and Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Preferred Securities and Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
