54,188 First Trust Preferred Securities and Income ETF $FPE Shares Sold by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC decreased its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 6.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 745,527 shares of the company’s stock after selling 54,188 shares during the quarter. Avidian Wealth Enterprises LLC owned about 0.21% of First Trust Preferred Securities and Income ETF worth $12,711,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of FPE. World Investment Advisors bought a new stake in shares of First Trust Preferred Securities and Income ETF in the 4th quarter worth $526,000. Baird Financial Group Inc. boosted its position in shares of First Trust Preferred Securities and Income ETF by 3.4% during the second quarter. Baird Financial Group Inc. now owns 2,028,641 shares of the company’s stock valued at $36,272,000 after buying an additional 66,507 shares during the last quarter. Compass Financial Management LLC bought a new stake in First Trust Preferred Securities and Income ETF in the 2nd quarter worth about $2,536,000. Evolve Private Wealth LLC purchased a new position in First Trust Preferred Securities and Income ETF in the 4th quarter worth about $3,423,000. Finally, Midwest Heritage Bank FSB lifted its stake in First Trust Preferred Securities and Income ETF by 20.5% during the 1st quarter. Midwest Heritage Bank FSB now owns 475,098 shares of the company’s stock valued at $8,433,000 after acquiring an additional 80,943 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE stock traded up $0.03 during trading hours on Thursday, reaching $17.04. The company had a trading volume of 667,241 shares, compared to its average volume of 1,325,860. The business has a fifty day moving average price of $17.55 and a 200-day moving average price of $17.81. First Trust Preferred Securities and Income ETF has a one year low of $16.96 and a one 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.