Oppenheimer & Co. Inc. Sells 2,220 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Oppenheimer & Co. Inc. trimmed its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 0.6% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 397,410 shares of the company’s stock after selling 2,220 shares during the period. Oppenheimer & Co. Inc. owned about 0.13% of First Trust Preferred Securities and Income ETF worth $7,193,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameliora Wealth Management Ltd. grew its position in shares of First Trust Preferred Securities and Income ETF by 93.1% during the 3rd quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock worth $26,000 after buying an additional 690 shares during the period. Opal Wealth Advisors LLC bought a new position in First Trust Preferred Securities and Income ETF in the second quarter valued at approximately $26,000. FSC Wealth Advisors LLC grew its holdings in First Trust Preferred Securities and Income ETF by 85.3% during the 2nd quarter. FSC Wealth Advisors LLC now owns 2,172 shares of the company’s stock worth $38,000 after acquiring an additional 1,000 shares during the period. Mattson Financial Services LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter valued at $46,000. Finally, Larson Financial Group LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF by 117.1% in the 2nd quarter. Larson Financial Group LLC now owns 2,672 shares of the company’s stock valued at $46,000 after purchasing an additional 1,441 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

NYSEARCA:FPE opened at $18.01 on Thursday. First Trust Preferred Securities and Income ETF has a 12-month low of $16.09 and a 12-month high of $18.23. The stock’s fifty day simple moving average is $18.06 and its 200-day simple moving average is $17.67.

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.