WealthShield Partners LLC Trims Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

WealthShield Partners LLC lessened its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 17.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 14,826 shares of the company’s stock after selling 3,082 shares during the quarter. WealthShield Partners LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $250,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FPE. Royal Bank of Canada raised its position in First Trust Preferred Securities and Income ETF by 4.5% in the 2nd quarter. Royal Bank of Canada now owns 20,163,113 shares of the company’s stock valued at $322,005,000 after purchasing an additional 877,101 shares during the last quarter. UBS Group AG raised its position in First Trust Preferred Securities and Income ETF by 1.1% in the 3rd quarter. UBS Group AG now owns 9,900,363 shares of the company’s stock valued at $158,109,000 after purchasing an additional 109,938 shares during the last quarter. Jane Street Group LLC raised its position in First Trust Preferred Securities and Income ETF by 207.6% in the 4th quarter. Jane Street Group LLC now owns 7,885,115 shares of the company’s stock valued at $132,470,000 after purchasing an additional 5,321,750 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in First Trust Preferred Securities and Income ETF by 0.7% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 5,328,057 shares of the company’s stock valued at $85,089,000 after purchasing an additional 38,562 shares during the last quarter. Finally, Raymond James & Associates raised its position in First Trust Preferred Securities and Income ETF by 5.8% in the 4th quarter. Raymond James & Associates now owns 3,102,085 shares of the company’s stock valued at $52,301,000 after purchasing an additional 169,272 shares during the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.2 %

FPE stock opened at $17.36 on Friday. The company has a fifty day moving average price of $17.19 and a 200 day moving average price of $16.60. First Trust Preferred Securities and Income ETF has a 12 month low of $15.45 and a 12 month high of $17.45.

First Trust Preferred Securities and Income ETF 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.