Coastwise Capital Group LLC Decreases Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Coastwise Capital Group LLC reduced its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,626 shares of the company’s stock after selling 1,273 shares during the quarter. Coastwise Capital Group LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. LPL Financial LLC grew its holdings in First Trust Preferred Securities and Income ETF by 9.5% during the 3rd quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock valued at $214,968,000 after buying an additional 1,035,105 shares in the last quarter. HighTower Advisors LLC grew its stake in First Trust Preferred Securities and Income ETF by 5.0% during the third quarter. HighTower Advisors LLC now owns 2,750,301 shares of the company’s stock valued at $49,777,000 after acquiring an additional 131,536 shares in the last quarter. Stifel Financial Corp grew its stake in First Trust Preferred Securities and Income ETF by 19.9% during the third quarter. Stifel Financial Corp now owns 2,056,722 shares of the company’s stock valued at $37,227,000 after acquiring an additional 341,396 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in First Trust Preferred Securities and Income ETF by 1.2% during the third quarter. Rockefeller Capital Management L.P. now owns 1,840,066 shares of the company’s stock valued at $33,290,000 after acquiring an additional 21,624 shares in the last quarter. Finally, Prospera Financial Services Inc grew its stake in First Trust Preferred Securities and Income ETF by 15.7% during the third quarter. Prospera Financial Services Inc now owns 1,622,012 shares of the company’s stock valued at $29,362,000 after acquiring an additional 220,692 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

FPE opened at $17.77 on Friday. The company has a fifty day moving average price of $17.79 and a 200-day moving average price of $17.85. First Trust Preferred Securities and Income ETF has a one year low of $16.95 and a one year high of $18.23.

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.