Miracle Mile Advisors LLC Sells 6,728 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Miracle Mile Advisors LLC decreased its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 11.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,638 shares of the company’s stock after selling 6,728 shares during the period. Miracle Mile Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $914,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. LPL Financial LLC raised its position 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 purchasing an additional 1,035,105 shares during the last quarter. HighTower Advisors LLC increased its stake in First Trust Preferred Securities and Income ETF by 5.0% during the 3rd quarter. HighTower Advisors LLC now owns 2,750,301 shares of the company’s stock valued at $49,777,000 after purchasing an additional 131,536 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of 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 worth $37,227,000 after buying an additional 341,396 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of First Trust Preferred Securities and Income ETF by 1.2% during the third quarter. Rockefeller Capital Management L.P. now owns 1,840,066 shares of the company’s stock worth $33,290,000 after buying an additional 21,624 shares during the period. Finally, Prospera Financial Services Inc lifted its stake in shares of First Trust Preferred Securities and Income ETF by 15.7% during the third quarter. Prospera Financial Services Inc now owns 1,622,012 shares of the company’s stock worth $29,362,000 after buying an additional 220,692 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA FPE opened at $17.72 on Thursday. The stock’s fifty day moving average price is $17.83 and its 200 day moving average price is $17.83. First Trust Preferred Securities and Income ETF has a 1 year low of $16.82 and a 1 year 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.