796,695 First Trust Preferred Securities and Income ETF $FPE Shares Sold by Avantax Planning Partners Inc.

Avantax Planning Partners Inc. lessened its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 82.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 170,682 shares of the company’s stock after selling 796,695 shares during the period. Avantax Planning Partners Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $2,910,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF during the 3rd quarter worth about $18,838,000. Fifth Third Bancorp bought a new position in First Trust Preferred Securities and Income ETF during the 1st quarter valued at about $8,484,000. Bank of America Corp DE grew its holdings in First Trust Preferred Securities and Income ETF by 5.4% during the 1st quarter. Bank of America Corp DE now owns 8,652,282 shares of the company’s stock valued at $153,578,000 after purchasing an additional 446,585 shares during the last quarter. Cetera Investment Advisers raised its position in First Trust Preferred Securities and Income ETF by 14.8% in the 1st quarter. Cetera Investment Advisers now owns 2,964,486 shares of the company’s stock worth $52,620,000 after purchasing an additional 383,261 shares during the period. Finally, Concurrent Investment Advisors LLC raised its position in First Trust Preferred Securities and Income ETF by 54.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 862,964 shares of the company’s stock worth $15,430,000 after purchasing an additional 303,103 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA FPE opened at $17.09 on Friday. First Trust Preferred Securities and Income ETF has a 1 year low of $16.87 and a 1 year high of $18.48. The firm has a 50-day simple moving average of $17.22 and a two-hundred day simple moving average of $17.82.

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. FPE was launched on Feb 12, 2013 and is managed by First Trust.