ORBA Wealth Advisors L.L.C. Sells 41,823 Shares of First Trust Preferred Securities and Income ETF $FPE

ORBA Wealth Advisors L.L.C. reduced its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 19.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,798 shares of the company’s stock after selling 41,823 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for 3.7% of ORBA Wealth Advisors L.L.C.’s holdings, making the stock its 7th biggest position. ORBA Wealth Advisors L.L.C.’s holdings in First Trust Preferred Securities and Income ETF were worth $3,138,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FPE. LPL Financial LLC lifted its stake in First Trust Preferred Securities and Income ETF by 18.6% during the fourth quarter. LPL Financial LLC now owns 16,820,824 shares of the company’s stock valued at $306,475,000 after purchasing an additional 2,636,765 shares during the last quarter. Stonebridge Advisors LLC grew its position in First Trust Preferred Securities and Income ETF by 1,312.3% in the fourth quarter. Stonebridge Advisors LLC now owns 2,368,824 shares of the company’s stock worth $40,181,000 after buying an additional 2,201,095 shares during the last quarter. Jane Street Group LLC grew its position in First Trust Preferred Securities and Income ETF by 433.4% in the second quarter. Jane Street Group LLC now owns 1,402,861 shares of the company’s stock worth $24,971,000 after buying an additional 1,139,866 shares during the last quarter. Morgan Stanley increased its holdings in shares of First Trust Preferred Securities and Income ETF by 2.1% in the fourth quarter. Morgan Stanley now owns 53,251,105 shares of the company’s stock valued at $970,235,000 after buying an additional 1,110,239 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of First Trust Preferred Securities and Income ETF by 29.8% in the third quarter. Ameriprise Financial Inc. now owns 4,541,584 shares of the company’s stock valued at $82,785,000 after buying an additional 1,041,910 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA:FPE traded down $0.06 on Tuesday, reaching $17.92. 339,732 shares of the company traded hands, compared to its average volume of 1,383,254. First Trust Preferred Securities and Income ETF has a fifty-two week low of $17.54 and a fifty-two week high of $18.51. The company’s 50 day moving average is $18.00 and its 200-day moving average is $18.11.

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. FPE was launched on Feb 12, 2013 and is managed by First Trust.