First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Stock Position Lessened by HCR Wealth Advisors

HCR Wealth Advisors cut its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPEFree Report) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 851,180 shares of the company’s stock after selling 31,022 shares during the quarter. First Trust Preferred Securities and Income ETF comprises about 1.9% of HCR Wealth Advisors’ holdings, making the stock its 10th largest position. HCR Wealth Advisors owned 0.28% of First Trust Preferred Securities and Income ETF worth $15,066,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its stake in First Trust Preferred Securities and Income ETF by 5.8% in 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 in the last quarter. Aspen Wealth Strategies LLC increased its holdings in shares of First Trust Preferred Securities and Income ETF by 1.2% in the third quarter. Aspen Wealth Strategies LLC now owns 50,959 shares of the company’s stock worth $922,000 after purchasing an additional 593 shares during the period. Ameliora Wealth Management Ltd. raised its position in shares of First Trust Preferred Securities and Income ETF by 93.1% in the third quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock worth $26,000 after buying an additional 690 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in First Trust Preferred Securities and Income ETF by 5.3% during the third quarter. Orion Portfolio Solutions LLC now owns 16,470 shares of the company’s stock valued at $298,000 after buying an additional 829 shares during the period. Finally, City Center Advisors LLC boosted its stake in First Trust Preferred Securities and Income ETF by 8.4% during the fourth quarter. City Center Advisors LLC now owns 12,926 shares of the company’s stock valued at $229,000 after buying an additional 1,007 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA FPE opened at $17.72 on Thursday. The stock’s 50-day simple moving average is $17.83 and its two-hundred day simple moving average is $17.83. First Trust Preferred Securities and Income ETF has a twelve month low of $16.82 and a twelve month high of $18.23.

First Trust Preferred Securities and Income ETF Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

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