First Trust Preferred Securities and Income ETF $FPE Holdings Lessened by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC trimmed its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 6.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 745,527 shares of the company’s stock after selling 54,188 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $12,711,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bank of America Corp DE grew its position in shares of First Trust Preferred Securities and Income ETF by 5.4% during the 1st quarter. Bank of America Corp DE now owns 8,652,282 shares of the company’s stock valued at $153,578,000 after acquiring an additional 446,585 shares during the period. Cetera Investment Advisers lifted its position in First Trust Preferred Securities and Income ETF by 14.8% during the first quarter. Cetera Investment Advisers now owns 2,964,486 shares of the company’s stock valued at $52,620,000 after purchasing an additional 383,261 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in First Trust Preferred Securities and Income ETF by 4.7% during the first quarter. Kestra Advisory Services LLC now owns 2,425,646 shares of the company’s stock valued at $43,055,000 after purchasing an additional 108,076 shares during the period. Rockefeller Capital Management L.P. increased its position in First Trust Preferred Securities and Income ETF by 9.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,211,426 shares of the company’s stock worth $40,292,000 after buying an additional 197,896 shares in the last quarter. Finally, Baird Financial Group Inc. raised its stake in shares of First Trust Preferred Securities and Income ETF by 3.4% in the second quarter. Baird Financial Group Inc. now owns 2,028,641 shares of the company’s stock worth $36,272,000 after buying an additional 66,507 shares during the period.

First Trust Preferred Securities and Income ETF Trading Up 0.1%

Shares of NYSEARCA:FPE traded up $0.03 during mid-day trading on Thursday, reaching $17.04. 667,241 shares of the company traded hands, compared to its average volume of 1,325,860. The company’s 50 day moving average price is $17.55 and its 200-day moving average price is $17.81. First Trust Preferred Securities and Income ETF has a 52 week low of $16.96 and a 52 week high of $18.51.

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