Advanced Asset Management Advisors Inc Reduces Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Advanced Asset Management Advisors Inc decreased its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 51.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,000 shares of the company’s stock after selling 18,900 shares during the period. Advanced Asset Management Advisors Inc’s holdings in First Trust Preferred Securities and Income ETF were worth $303,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC bought a new position in shares of First Trust Preferred Securities and Income ETF in the third quarter worth about $41,204,000. International Assets Investment Management LLC boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 1,480.0% in the fourth quarter. International Assets Investment Management LLC now owns 1,799,288 shares of the company’s stock valued at $30,336,000 after purchasing an additional 1,685,412 shares during the period. Stonebridge Advisors LLC boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 241.2% in the fourth quarter. Stonebridge Advisors LLC now owns 1,972,113 shares of the company’s stock valued at $33,250,000 after purchasing an additional 1,394,132 shares during the period. Price Capital Management Inc. bought a new position in First Trust Preferred Securities and Income ETF in the fourth quarter worth approximately $20,313,000. Finally, Stratos Wealth Partners LTD. purchased a new position in First Trust Preferred Securities and Income ETF during the 4th quarter worth $13,331,000.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE stock traded down $0.03 during mid-day trading on Thursday, hitting $17.03. The stock had a trading volume of 856,165 shares, compared to its average volume of 1,424,852. First Trust Preferred Securities and Income ETF has a 12-month low of $15.45 and a 12-month high of $17.45. The firm’s 50-day moving average is $17.21 and its two-hundred day moving average is $16.72.

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.