Naviter Wealth LLC Sells 4,071 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Naviter Wealth LLC trimmed its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 2.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 180,620 shares of the company’s stock after selling 4,071 shares during the period. Naviter Wealth LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $3,128,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Indiana Trust & Investment Management CO purchased a new position in shares of First Trust Preferred Securities and Income ETF during the 1st quarter worth approximately $44,000. Creekmur Asset Management LLC purchased a new stake in First Trust Preferred Securities and Income ETF in the fourth quarter worth $116,000. Woodmont Investment Counsel LLC bought a new position in First Trust Preferred Securities and Income ETF in the first quarter worth $174,000. Hilltop Holdings Inc. lifted its position in First Trust Preferred Securities and Income ETF by 9.0% during the fourth quarter. Hilltop Holdings Inc. now owns 10,896 shares of the company’s stock valued at $184,000 after buying an additional 896 shares during the period. Finally, Centaurus Financial Inc. boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 8.4% during the 4th quarter. Centaurus Financial Inc. now owns 10,936 shares of the company’s stock valued at $184,000 after buying an additional 848 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.2 %

NYSEARCA FPE traded up $0.04 during trading hours on Tuesday, reaching $17.40. 719,916 shares of the company’s stock traded hands, compared to its average volume of 1,316,081. First Trust Preferred Securities and Income ETF has a 52-week low of $15.46 and a 52-week high of $17.45. The firm has a 50-day simple moving average of $17.29 and a 200 day simple moving average of $17.16.

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.