RFG Advisory LLC Has $324,000 Position in First Trust Preferred Securities and Income ETF $FPE

RFG Advisory LLC cut its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 90.2% in the 2nd quarter, Holdings Channel reports. The firm owned 18,132 shares of the company’s stock after selling 166,499 shares during the period. RFG Advisory LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $324,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in FPE. LPL Financial LLC boosted its stake in shares of 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 in the last quarter. Stonebridge Advisors LLC raised its position in shares of First Trust Preferred Securities and Income ETF by 1,312.3% in the 4th quarter. Stonebridge Advisors LLC now owns 2,368,824 shares of the company’s stock worth $40,181,000 after acquiring an additional 2,201,095 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the 1st quarter worth $8,484,000. Bank of America Corp DE lifted its stake in shares of First Trust Preferred Securities and Income ETF by 5.4% during the 1st quarter. Bank of America Corp DE now owns 8,652,282 shares of the company’s stock worth $153,578,000 after purchasing an additional 446,585 shares during the last quarter. Finally, Kinloch Capital LLC boosted its position in First Trust Preferred Securities and Income ETF by 72.8% during the fourth quarter. Kinloch Capital LLC now owns 1,003,054 shares of the company’s stock valued at $18,276,000 after purchasing an additional 422,573 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE stock opened at $17.42 on Tuesday. The business has a fifty day moving average of $17.76 and a 200 day moving average of $17.92. First Trust Preferred Securities and Income ETF has a 1 year low of $17.41 and a 1 year high of $18.51.

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