Stonebridge Advisors LLC Has $3.46 Million Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Stonebridge Advisors LLC lessened its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 16.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 191,212 shares of the company’s stock after selling 37,223 shares during the period. First Trust Preferred Securities and Income ETF accounts for approximately 2.3% of Stonebridge Advisors LLC’s portfolio, making the stock its 3rd largest holding. Stonebridge Advisors LLC owned approximately 0.06% of First Trust Preferred Securities and Income ETF worth $3,461,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FPE. Ameliora Wealth Management Ltd. increased its holdings in shares of First Trust Preferred Securities and Income ETF by 93.1% in 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 last quarter. Opal Wealth Advisors LLC bought a new position in First Trust Preferred Securities and Income ETF in the second quarter valued at $26,000. FSC Wealth Advisors LLC raised its position in First Trust Preferred Securities and Income ETF by 85.3% during the second quarter. FSC Wealth Advisors LLC now owns 2,172 shares of the company’s stock valued at $38,000 after purchasing an additional 1,000 shares in the last quarter. Mattson Financial Services LLC bought a new stake in First Trust Preferred Securities and Income ETF during the second quarter worth about $46,000. Finally, Larson Financial Group LLC boosted its holdings 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 worth $46,000 after purchasing an additional 1,441 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of First Trust Preferred Securities and Income ETF stock traded up $0.04 during trading on Monday, hitting $17.85. 8,124 shares of the stock traded hands, compared to its average volume of 1,223,182. First Trust Preferred Securities and Income ETF has a 52 week low of $16.14 and a 52 week high of $18.23. The firm’s fifty day moving average is $18.05 and its 200-day moving average is $17.71.

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.