Sunbelt Securities Inc. Has $278,000 Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Sunbelt Securities Inc. cut its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Get Rating) by 4.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,624 shares of the company’s stock after selling 687 shares during the quarter. Sunbelt Securities Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $278,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of FPE. Royal Bank of Canada increased its stake in shares of First Trust Preferred Securities and Income ETF by 18.5% in the third quarter. Royal Bank of Canada now owns 24,229,090 shares of the company’s stock worth $404,626,000 after purchasing an additional 3,774,013 shares during the period. Wells Fargo & Company MN increased its position in First Trust Preferred Securities and Income ETF by 2.7% in the 2nd quarter. Wells Fargo & Company MN now owns 8,092,491 shares of the company’s stock worth $139,434,000 after buying an additional 213,461 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 14.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,576,122 shares of the company’s stock worth $93,231,000 after buying an additional 715,591 shares during the last quarter. Miracle Mile Advisors LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 17.8% in the third quarter. Miracle Mile Advisors LLC now owns 2,780,626 shares of the company’s stock valued at $46,436,000 after acquiring an additional 419,364 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 191.8% in the third quarter. Jane Street Group LLC now owns 2,563,365 shares of the company’s stock worth $42,808,000 after acquiring an additional 1,684,760 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $15.99 on Friday. The firm has a fifty day moving average price of $17.62 and a two-hundred day moving average price of $17.18. First Trust Preferred Securities and Income ETF has a fifty-two week low of $15.90 and a fifty-two week high of $19.09.

First Trust Preferred Securities and Income ETF Company Profile

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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.