First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Sold by Glassy Mountain Advisors Inc.

Glassy Mountain Advisors Inc. lessened its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 0.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 343,161 shares of the company’s stock after selling 2,080 shares during the quarter. First Trust Preferred Securities and Income ETF makes up about 2.2% of Glassy Mountain Advisors Inc.’s holdings, making the stock its 18th largest position. Glassy Mountain Advisors Inc. owned 0.11% of First Trust Preferred Securities and Income ETF worth $5,957,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FPE. Etesian Wealth Advisors Inc. boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 0.3% in the 1st quarter. Etesian Wealth Advisors Inc. now owns 187,309 shares of the company’s stock valued at $3,244,000 after buying an additional 595 shares in the last quarter. Cornerstone Advisory LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 2.2% during the fourth quarter. Cornerstone Advisory LLC now owns 31,729 shares of the company’s stock worth $535,000 after purchasing an additional 672 shares during the last quarter. Edmonds Duncan Registered Investment Advisors LLC increased its position in shares of First Trust Preferred Securities and Income ETF by 0.6% during the first quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 149,957 shares of the company’s stock worth $2,597,000 after purchasing an additional 825 shares in the last quarter. Centaurus Financial Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 8.4% in the 4th quarter. Centaurus Financial Inc. now owns 10,936 shares of the company’s stock valued at $184,000 after purchasing an additional 848 shares during the last quarter. Finally, Hilltop Holdings Inc. boosted its position in shares of First Trust Preferred Securities and Income ETF by 9.0% in the 4th quarter. Hilltop Holdings Inc. now owns 10,896 shares of the company’s stock valued at $184,000 after purchasing an additional 896 shares during the period.

First Trust Preferred Securities and Income ETF Stock Down 0.4 %

FPE stock traded down $0.07 on Friday, hitting $17.76. The company’s stock had a trading volume of 1,165,421 shares, compared to its average volume of 1,239,529. The firm has a 50 day moving average of $17.57 and a two-hundred day moving average of $17.35. First Trust Preferred Securities and Income ETF has a 1 year low of $15.46 and a 1 year high of $17.83.

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.