D.A. Davidson & CO. Has $4.09 Million Stock Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

D.A. Davidson & CO. trimmed its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,179 shares of the company’s stock after selling 1,792 shares during the quarter. D.A. Davidson & CO. owned approximately 0.08% of First Trust Preferred Securities and Income ETF worth $4,092,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Truist Financial Corp grew its holdings in First Trust Preferred Securities and Income ETF by 4.1% during the 4th quarter. Truist Financial Corp now owns 979,266 shares of the company’s stock worth $17,333,000 after acquiring an additional 38,527 shares during the last quarter. Csenge Advisory Group grew its holdings in First Trust Preferred Securities and Income ETF by 6.7% during the 4th quarter. Csenge Advisory Group now owns 590,066 shares of the company’s stock worth $10,444,000 after acquiring an additional 37,050 shares during the last quarter. Strategic Financial Concepts LLC grew its holdings in First Trust Preferred Securities and Income ETF by 740.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 95,124 shares of the company’s stock worth $1,684,000 after acquiring an additional 83,800 shares during the last quarter. Principal Securities Inc. grew its holdings in First Trust Preferred Securities and Income ETF by 38.7% during the 4th quarter. Principal Securities Inc. now owns 110,639 shares of the company’s stock worth $1,958,000 after acquiring an additional 30,877 shares during the last quarter. Finally, Puff Wealth Management LLC bought a new stake in First Trust Preferred Securities and Income ETF during the 4th quarter worth approximately $1,077,000.

First Trust Preferred Securities and Income ETF Price Performance

FPE opened at $17.84 on Friday. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.95 and a fifty-two week high of $18.23. The company’s 50 day moving average price is $17.75 and its two-hundred day moving average price is $17.87.

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.