Envestnet Asset Management Inc. Lowers Stock Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Envestnet Asset Management Inc. lowered its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,656,747 shares of the company’s stock after selling 6,119 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.54% of First Trust Preferred Securities and Income ETF worth $28,761,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Waterloo Capital L.P. purchased a new position in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at approximately $1,248,000. Chicago Partners Investment Group LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 8.4% in the fourth quarter. Chicago Partners Investment Group LLC now owns 334,467 shares of the company’s stock valued at $5,679,000 after acquiring an additional 26,008 shares in the last quarter. Beacon Financial Group purchased a new position in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at approximately $2,490,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of First Trust Preferred Securities and Income ETF by 3.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,245,887 shares of the company’s stock valued at $21,006,000 after acquiring an additional 36,186 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 1.4% in the first quarter. Park Avenue Securities LLC now owns 169,664 shares of the company’s stock valued at $2,939,000 after acquiring an additional 2,291 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

NYSEARCA FPE opened at $18.20 on Friday. The stock’s 50 day simple moving average is $17.73 and its 200-day simple moving average is $17.45. First Trust Preferred Securities and Income ETF has a 1-year low of $15.46 and a 1-year high of $18.20.

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.