Icon Wealth Advisors LLC Reduces Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Icon Wealth Advisors LLC cut its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 3.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 162,868 shares of the company’s stock after selling 5,926 shares during the period. Icon Wealth Advisors LLC owned approximately 0.05% of First Trust Preferred Securities and Income ETF worth $2,948,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning lifted its holdings in 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 valued at $269,000 after buying an additional 3,669 shares in the last quarter. Farther Finance Advisors LLC grew its position in First Trust Preferred Securities and Income ETF by 5.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock worth $184,000 after purchasing an additional 559 shares during the last quarter. Acorn Wealth Advisors LLC purchased a new stake in First Trust Preferred Securities and Income ETF during the 3rd quarter worth approximately $318,000. NBC Securities Inc. boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 5.4% in the 2nd 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. Finally, SteelPeak Wealth LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF by 108.4% in the 2nd quarter. SteelPeak Wealth LLC now owns 56,838 shares of the company’s stock valued at $987,000 after purchasing an additional 29,559 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

NYSEARCA:FPE opened at $17.87 on Friday. The company has a fifty day moving average of $18.03 and a two-hundred day moving average of $17.72. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.16 and a fifty-two week 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.