First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. decreased its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 18.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 264,275 shares of the company’s stock after selling 59,671 shares during the quarter. Avantax Advisory Services Inc. owned about 0.09% of First Trust Preferred Securities and Income ETF worth $4,678,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Raleigh Capital Management Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 96.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock valued at $30,000 after buying an additional 826 shares during the period. Promus Capital LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at $35,000. ORG Partners LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 1,655.6% in the fourth quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock valued at $47,000 after buying an additional 2,500 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 435.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock valued at $68,000 after buying an additional 3,130 shares during the period. Finally, Ehrlich Financial Group acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at $181,000.

First Trust Preferred Securities and Income ETF Stock Up 0.3 %

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.66 on Friday. The stock’s fifty day moving average is $17.76 and its 200-day moving average is $17.89. First Trust Preferred Securities and Income ETF has a 12-month low of $16.95 and a 12-month high of $18.23.

About First Trust Preferred Securities and Income ETF

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.