First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Sold by Arkadios Wealth Advisors

Arkadios Wealth Advisors lowered its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 25.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,125 shares of the company’s stock after selling 6,307 shares during the period. Arkadios Wealth Advisors’ holdings in First Trust Preferred Securities and Income ETF were worth $321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. LPL Financial LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 9.5% in the 3rd quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock valued at $214,968,000 after buying an additional 1,035,105 shares during the period. HighTower Advisors LLC raised its position in First Trust Preferred Securities and Income ETF by 5.0% in the third quarter. HighTower Advisors LLC now owns 2,750,301 shares of the company’s stock worth $49,777,000 after acquiring an additional 131,536 shares in the last quarter. Stifel Financial Corp lifted its holdings in First Trust Preferred Securities and Income ETF by 19.9% in the third quarter. Stifel Financial Corp now owns 2,056,722 shares of the company’s stock valued at $37,227,000 after acquiring an additional 341,396 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of First Trust Preferred Securities and Income ETF by 1.2% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,840,066 shares of the company’s stock worth $33,290,000 after purchasing an additional 21,624 shares in the last quarter. Finally, Prospera Financial Services Inc grew its stake in shares of First Trust Preferred Securities and Income ETF by 15.7% during the 3rd quarter. Prospera Financial Services Inc now owns 1,622,012 shares of the company’s stock worth $29,362,000 after purchasing an additional 220,692 shares during the period.

First Trust Preferred Securities and Income ETF Trading Down 0.6 %

Shares of NYSEARCA FPE opened at $17.73 on Thursday. First Trust Preferred Securities and Income ETF has a 52 week low of $16.89 and a 52 week high of $18.23. The firm has a 50-day moving average price of $17.81 and a 200 day moving average price of $17.84.

First Trust Preferred Securities and Income ETF 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.