254,731 First Trust Preferred Securities and Income ETF $FPE Shares Sold by Triumph Capital Management

Triumph Capital Management lessened its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 78.1% during the third quarter, Holdings Channel reports. The firm owned 71,552 shares of the company’s stock after selling 254,731 shares during the period. Triumph Capital Management’s holdings in First Trust Preferred Securities and Income ETF were worth $1,220,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Fifth Third Bancorp purchased a new position in shares of First Trust Preferred Securities and Income ETF during the first quarter valued at approximately $8,484,000. Bank of America Corp DE raised its position in First Trust Preferred Securities and Income ETF by 5.4% in the 1st quarter. Bank of America Corp DE now owns 8,652,282 shares of the company’s stock valued at $153,578,000 after buying an additional 446,585 shares during the last quarter. Kinloch Capital LLC raised its position in First Trust Preferred Securities and Income ETF by 72.8% in the 4th quarter. Kinloch Capital LLC now owns 1,003,054 shares of the company’s stock valued at $18,276,000 after buying an additional 422,573 shares during the last quarter. Cetera Investment Advisers raised its position in First Trust Preferred Securities and Income ETF by 14.8% in the 1st quarter. Cetera Investment Advisers now owns 2,964,486 shares of the company’s stock valued at $52,620,000 after buying an additional 383,261 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its stake in First Trust Preferred Securities and Income ETF by 54.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 862,964 shares of the company’s stock valued at $15,430,000 after acquiring an additional 303,103 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA:FPE traded down $0.05 during trading hours on Wednesday, hitting $17.00. 2,266,726 shares of the company traded hands, compared to its average volume of 1,346,852. First Trust Preferred Securities and Income ETF has a one year low of $16.94 and a one year high of $18.51. The firm’s 50-day simple moving average is $17.49 and its 200-day simple moving average is $17.79.

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.