First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Sold by Claro Advisors LLC

Claro Advisors LLC trimmed its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 13.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,911 shares of the company’s stock after selling 3,182 shares during the quarter. Claro Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $345,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Truist Financial Corp lifted its stake in shares of First Trust Preferred Securities and Income ETF by 0.9% during the third quarter. Truist Financial Corp now owns 1,100,287 shares of the company’s stock valued at $17,572,000 after buying an additional 9,493 shares during the period. Asset Allocation Strategies LLC boosted its stake in First Trust Preferred Securities and Income ETF by 6.0% in the 3rd quarter. Asset Allocation Strategies LLC now owns 129,461 shares of the company’s stock worth $2,067,000 after buying an additional 7,304 shares during the last quarter. Comerica Bank acquired a new stake in First Trust Preferred Securities and Income ETF in the 3rd quarter worth about $7,190,000. IMA Wealth Inc. increased its stake in shares of First Trust Preferred Securities and Income ETF by 8.2% during the 3rd quarter. IMA Wealth Inc. now owns 217,734 shares of the company’s stock valued at $3,477,000 after acquiring an additional 16,421 shares during the last quarter. Finally, PFS Partners LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 1.1% during the 3rd quarter. PFS Partners LLC now owns 341,776 shares of the company’s stock worth $5,458,000 after acquiring an additional 3,808 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

First Trust Preferred Securities and Income ETF stock opened at $17.36 on Tuesday. First Trust Preferred Securities and Income ETF has a 1 year low of $15.46 and a 1 year high of $17.45. The firm has a 50 day moving average price of $17.28 and a 200 day moving average price of $17.15.

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.