Avidian Wealth Solutions LLC Has $9.46 Million Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Avidian Wealth Solutions LLC cut its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 21.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 561,057 shares of the company’s stock after selling 152,955 shares during the period. Avidian Wealth Solutions LLC owned 0.17% of First Trust Preferred Securities and Income ETF worth $9,459,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in FPE. UBS Group AG boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 1.1% in the 3rd quarter. UBS Group AG now owns 9,900,363 shares of the company’s stock valued at $158,109,000 after purchasing an additional 109,938 shares in the last quarter. Raymond James & Associates boosted its stake in First Trust Preferred Securities and Income ETF by 5.8% in the fourth quarter. Raymond James & Associates now owns 3,102,085 shares of the company’s stock valued at $52,301,000 after buying an additional 169,272 shares in the last quarter. HighTower Advisors LLC bought a new position in First Trust Preferred Securities and Income ETF in the third quarter valued at about $41,204,000. Stifel Financial Corp raised its stake in First Trust Preferred Securities and Income ETF by 1.6% during the third quarter. Stifel Financial Corp now owns 2,418,800 shares of the company’s stock worth $38,628,000 after acquiring an additional 38,411 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 15.0% in the third quarter. Kestra Advisory Services LLC now owns 2,003,126 shares of the company’s stock worth $31,990,000 after acquiring an additional 261,794 shares during the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.6 %

Shares of FPE traded up $0.11 during mid-day trading on Friday, reaching $17.26. The company had a trading volume of 910,752 shares, compared to its average volume of 1,392,118. The company’s 50 day simple moving average is $17.21 and its 200 day simple moving average is $16.78. First Trust Preferred Securities and Income ETF has a 1-year low of $15.45 and a 1-year high 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.