SPC Financial Inc. cut its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) by 7.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,172 shares of the company’s stock after selling 4,900 shares during the quarter. SPC Financial Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $1,062,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new position in First Trust Preferred Securities and Income ETF in the second quarter worth about $26,000. FSC Wealth Advisors LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 85.3% during the 2nd quarter. FSC Wealth Advisors LLC now owns 2,172 shares of the company’s stock worth $38,000 after acquiring an additional 1,000 shares during the period. Indiana Trust & Investment Management CO bought a new position in shares of First Trust Preferred Securities and Income ETF in the 1st quarter worth approximately $44,000. Larson Financial Group LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF by 117.1% in the 2nd quarter. Larson Financial Group LLC now owns 2,672 shares of the company’s stock valued at $46,000 after purchasing an additional 1,441 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of First Trust Preferred Securities and Income ETF during the second quarter valued at approximately $49,000.
First Trust Preferred Securities and Income ETF Trading Down 0.2 %
FPE opened at $18.10 on Tuesday. The stock has a fifty day simple moving average of $17.79 and a two-hundred day simple moving average of $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.
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.
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