International Assets Investment Management LLC cut its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) by 94.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 98,209 shares of the company’s stock after selling 1,701,079 shares during the quarter. International Assets Investment Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,710,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in FPE. OLD Mission Capital LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 26,692.8% in the 4th quarter. OLD Mission Capital LLC now owns 2,835,478 shares of the company’s stock valued at $47,806,000 after buying an additional 2,824,895 shares during the period. Stonebridge Advisors LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 241.2% in the 4th quarter. Stonebridge Advisors LLC now owns 1,972,113 shares of the company’s stock valued at $33,250,000 after buying an additional 1,394,132 shares during the period. Price Capital Management Inc. acquired a new position in First Trust Preferred Securities and Income ETF during the 4th quarter valued at about $20,313,000. Stratos Wealth Partners LTD. acquired a new position in First Trust Preferred Securities and Income ETF during the 4th quarter valued at about $13,331,000. Finally, Wright Fund Management LLC acquired a new position in First Trust Preferred Securities and Income ETF during the 3rd quarter valued at about $9,454,000.
First Trust Preferred Securities and Income ETF Trading Up 0.1 %
FPE stock opened at $17.39 on Monday. First Trust Preferred Securities and Income ETF has a 52-week low of $15.46 and a 52-week high of $17.45. The business has a 50-day simple moving average of $17.24 and a two-hundred day simple moving average of $17.12.
About First Trust Preferred Securities and Income ETF
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.
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Want to see what other hedge funds are holding FPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report).
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