First Trust Preferred Securities and Income ETF $FPE Shares Sold by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC lowered its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 50.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,988 shares of the company’s stock after selling 83,124 shares during the quarter. Soltis Investment Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,381,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bank of America Corp DE grew its position in First Trust Preferred Securities and Income ETF by 5.4% in the first quarter. Bank of America Corp DE now owns 8,652,282 shares of the company’s stock worth $153,578,000 after acquiring an additional 446,585 shares in the last quarter. Cetera Investment Advisers raised its position in First Trust Preferred Securities and Income ETF by 14.8% during the first quarter. Cetera Investment Advisers now owns 2,964,486 shares of the company’s stock valued at $52,620,000 after purchasing an additional 383,261 shares in the last quarter. Kestra Advisory Services LLC raised its position in First Trust Preferred Securities and Income ETF by 4.7% during the first quarter. Kestra Advisory Services LLC now owns 2,425,646 shares of the company’s stock valued at $43,055,000 after purchasing an additional 108,076 shares in the last quarter. Baird Financial Group Inc. raised its position in 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 purchasing an additional 66,507 shares in the last quarter. Finally, Magnus Financial Group LLC lifted its stake in First Trust Preferred Securities and Income ETF by 4.7% during the third quarter. Magnus Financial Group LLC now owns 2,052,183 shares of the company’s stock worth $34,990,000 after purchasing an additional 92,464 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Down 0.1%

Shares of FPE stock opened at $16.96 on Friday. The business has a 50-day moving average price of $17.28 and a two-hundred day moving average price of $17.85. First Trust Preferred Securities and Income ETF has a 12-month low of $16.87 and a 12-month high of $18.48.

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.