1834 Investment Advisors Co. Trims Stock Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

1834 Investment Advisors Co. lessened its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 24.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,580 shares of the company’s stock after selling 10,931 shares during the quarter. 1834 Investment Advisors Co.’s holdings in First Trust Preferred Securities and Income ETF were worth $608,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. LPL Financial LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 3.5% in the second quarter. LPL Financial LLC now owns 10,841,607 shares of the company’s stock valued at $188,210,000 after buying an additional 362,026 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in First Trust Preferred Securities and Income ETF by 2.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 5,552,458 shares of the company’s stock worth $96,391,000 after purchasing an additional 157,982 shares during the period. Kestra Advisory Services LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 4.9% during the first quarter. Kestra Advisory Services LLC now owns 2,134,429 shares of the company’s stock worth $36,968,000 after purchasing an additional 100,431 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of First Trust Preferred Securities and Income ETF by 5.7% in the first quarter. Osaic Holdings Inc. now owns 1,948,087 shares of the company’s stock valued at $33,742,000 after purchasing an additional 105,532 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 1,642.3% in the third quarter. International Assets Investment Management LLC now owns 1,544,370 shares of the company’s stock valued at $279,530,000 after purchasing an additional 1,455,731 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

NYSEARCA:FPE opened at $17.95 on Thursday. First Trust Preferred Securities and Income ETF has a 52 week low of $15.92 and a 52 week high of $18.23. The company has a fifty day simple moving average of $18.03 and a two-hundred day simple moving average of $17.63.

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.