First Trust Preferred Securities and Income ETF $FPE Position Trimmed by Avantax Planning Partners Inc.

Avantax Planning Partners Inc. decreased its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 82.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 170,682 shares of the company’s stock after selling 796,695 shares during the quarter. Avantax Planning Partners Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $2,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Baird Financial Group Inc. increased its stake in First Trust Preferred Securities and Income ETF by 3.4% during the second quarter. Baird Financial Group Inc. now owns 2,028,641 shares of the company’s stock worth $36,272,000 after acquiring an additional 66,507 shares during the last quarter. Kestra Advisory Services LLC raised its position in First Trust Preferred Securities and Income ETF by 1.8% during the third quarter. Kestra Advisory Services LLC now owns 2,466,108 shares of the company’s stock valued at $42,047,000 after purchasing an additional 44,777 shares during the period. Compass Financial Management LLC purchased a new stake in First Trust Preferred Securities and Income ETF during the second quarter valued at approximately $2,536,000. Scarborough Advisors LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF in the 1st quarter valued at approximately $1,792,000. Finally, Concurrent Investment Advisors LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF by 54.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 862,964 shares of the company’s stock valued at $15,430,000 after purchasing an additional 303,103 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Up 0.4%

NYSEARCA:FPE opened at $17.09 on Friday. The business has a 50 day simple moving average of $17.22 and a 200-day simple moving average of $17.82. First Trust Preferred Securities and Income ETF has a 1 year low of $16.87 and a 1 year high of $18.48.

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. FPE was launched on Feb 12, 2013 and is managed by First Trust.