First Trust Preferred Securities and Income ETF $FPE Shares Sold by Cornell Pochily Investment Advisors Inc.

Cornell Pochily Investment Advisors Inc. reduced its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 14.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 32,499 shares of the company’s stock after selling 5,415 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $578,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Brown Advisory Inc. increased its stake in First Trust Preferred Securities and Income ETF by 1.3% in the 1st quarter. Brown Advisory Inc. now owns 57,241 shares of the company’s stock valued at $1,007,000 after buying an additional 740 shares during the period. Bessemer Group Inc. acquired a new position in First Trust Preferred Securities and Income ETF in the 1st quarter valued at $79,000. Spire Wealth Management increased its stake in First Trust Preferred Securities and Income ETF by 9.5% in the 1st quarter. Spire Wealth Management now owns 12,534 shares of the company’s stock valued at $220,000 after buying an additional 1,084 shares during the period. Farther Finance Advisors LLC increased its stake in First Trust Preferred Securities and Income ETF by 34.3% in the 1st quarter. Farther Finance Advisors LLC now owns 11,603 shares of the company’s stock valued at $204,000 after buying an additional 2,964 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 9.7% during the 2nd quarter. Parallel Advisors LLC now owns 96,072 shares of the company’s stock worth $1,710,000 after purchasing an additional 8,458 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA:FPE opened at $18.30 on Friday. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.77 and a fifty-two week high of $18.42. The firm’s fifty day simple moving average is $18.13 and its 200-day simple moving average is $17.75.

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.