Regal Investment Advisors LLC Trims Stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Regal Investment Advisors LLC reduced its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 1.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 390,156 shares of the company’s stock after selling 4,757 shares during the period. Regal Investment Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $6,773,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Elevation Capital Advisory LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF in the second quarter worth $5,750,000. Trinity Legacy Partners LLC boosted its stake in First Trust Preferred Securities and Income ETF by 2.3% in the 2nd quarter. Trinity Legacy Partners LLC now owns 972,141 shares of the company’s stock worth $16,876,000 after purchasing an additional 22,076 shares in the last quarter. Bank of Montreal Can grew its position in First Trust Preferred Securities and Income ETF by 11.4% during the 2nd quarter. Bank of Montreal Can now owns 245,835 shares of the company’s stock valued at $4,287,000 after purchasing an additional 25,167 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in First Trust Preferred Securities and Income ETF by 1,275.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 410,145 shares of the company’s stock valued at $7,120,000 after purchasing an additional 380,318 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC increased its position in shares of First Trust Preferred Securities and Income ETF by 17.0% during the second quarter. RPg Family Wealth Advisory LLC now owns 20,378 shares of the company’s stock valued at $354,000 after acquiring an additional 2,956 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

FPE stock opened at $18.14 on Monday. The stock’s 50 day simple moving average is $17.79 and its 200 day simple moving average is $17.48. First Trust Preferred Securities and Income ETF has a 12-month low of $15.46 and a 12-month high of $18.23.

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.