Commonwealth Financial Services LLC Sells 37,598 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Commonwealth Financial Services LLC trimmed its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 67.6% during the second quarter, Holdings Channel.com reports. The firm owned 17,984 shares of the company’s stock after selling 37,598 shares during the period. Commonwealth Financial Services LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $315,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Waterloo Capital L.P. acquired a new position in First Trust Preferred Securities and Income ETF during the fourth quarter worth $1,248,000. Chicago Partners Investment Group LLC raised its holdings in shares of First Trust Preferred Securities and Income ETF by 8.4% in the 4th quarter. Chicago Partners Investment Group LLC now owns 334,467 shares of the company’s stock worth $5,679,000 after acquiring an additional 26,008 shares during the last quarter. Beacon Financial Group bought a new position in First Trust Preferred Securities and Income ETF in the 4th quarter valued at about $2,490,000. Park Avenue Securities LLC boosted its stake in First Trust Preferred Securities and Income ETF by 1.4% during the 1st quarter. Park Avenue Securities LLC now owns 169,664 shares of the company’s stock valued at $2,939,000 after purchasing an additional 2,291 shares during the last quarter. Finally, Flagstar Advisors Inc. increased its holdings in First Trust Preferred Securities and Income ETF by 0.9% during the 1st quarter. Flagstar Advisors Inc. now owns 332,627 shares of the company’s stock worth $5,761,000 after purchasing an additional 3,127 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $18.20 on Monday. First Trust Preferred Securities and Income ETF has a 52 week low of $15.46 and a 52 week high of $18.20. The business has a 50 day moving average price of $17.73 and a 200-day moving average price of $17.45.

First Trust Preferred Securities and Income ETF 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.