International Assets Investment Management LLC Sells 1,458,137 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

International Assets Investment Management LLC reduced its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 94.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,233 shares of the company’s stock after selling 1,458,137 shares during the period. International Assets Investment Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,531,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position in First Trust Preferred Securities and Income ETF by 5.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock valued at $184,000 after acquiring an additional 559 shares during the period. Aspen Wealth Strategies LLC raised its position in First Trust Preferred Securities and Income ETF by 1.2% during the 3rd quarter. Aspen Wealth Strategies LLC now owns 50,959 shares of the company’s stock worth $922,000 after purchasing an additional 593 shares during the last quarter. Ameliora Wealth Management Ltd. lifted its holdings in First Trust Preferred Securities and Income ETF by 93.1% during the 3rd quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock worth $26,000 after buying an additional 690 shares during the period. Orion Portfolio Solutions LLC grew its position in shares of First Trust Preferred Securities and Income ETF by 5.3% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,470 shares of the company’s stock valued at $298,000 after buying an additional 829 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in shares of First Trust Preferred Securities and Income ETF by 0.5% in the 3rd quarter. D.A. Davidson & CO. now owns 232,971 shares of the company’s stock valued at $4,217,000 after buying an additional 1,134 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE opened at $17.68 on Thursday. The business has a 50-day moving average of $17.87 and a 200-day moving average of $17.82. First Trust Preferred Securities and Income ETF has a 1 year low of $16.78 and a 1 year 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.