Creekside Partners Lowers Stock Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Creekside Partners lowered its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 6.7% during the third quarter, Holdings Channel.com reports. The fund owned 19,004 shares of the company’s stock after selling 1,364 shares during the quarter. Creekside Partners’ holdings in First Trust Preferred Securities and Income ETF were worth $344,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning boosted its holdings in First Trust Preferred Securities and Income ETF by 32.8% in the third quarter. Creative Planning now owns 14,869 shares of the company’s stock valued at $269,000 after acquiring an additional 3,669 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 5.8% in the third quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock valued at $184,000 after acquiring an additional 559 shares during the last quarter. NBC Securities Inc. boosted its holdings in First Trust Preferred Securities and Income ETF by 5.4% in the second quarter. NBC Securities Inc. now owns 82,505 shares of the company’s stock valued at $1,432,000 after acquiring an additional 4,256 shares during the last quarter. SteelPeak Wealth LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 108.4% in the second quarter. SteelPeak Wealth LLC now owns 56,838 shares of the company’s stock valued at $987,000 after acquiring an additional 29,559 shares during the last quarter. Finally, Brookstone Capital Management boosted its holdings in First Trust Preferred Securities and Income ETF by 9.2% in the second quarter. Brookstone Capital Management now owns 113,522 shares of the company’s stock valued at $2,001,000 after acquiring an additional 9,523 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE opened at $17.89 on Thursday. The stock’s 50-day moving average is $18.06 and its two-hundred day moving average is $17.69. First Trust Preferred Securities and Income ETF has a 12 month low of $16.09 and a 12 month high of $18.23.

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.