Nations Financial Group Inc. IA ADV Decreases Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Nations Financial Group Inc. IA ADV lowered its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 6.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,187 shares of the company’s stock after selling 1,034 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in First Trust Preferred Securities and Income ETF were worth $275,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC raised its position in shares of First Trust Preferred Securities and Income ETF by 5.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock valued at $184,000 after buying an additional 559 shares in the last quarter. Aspen Wealth Strategies LLC raised its position in shares of First Trust Preferred Securities and Income ETF by 1.2% during the 3rd quarter. Aspen Wealth Strategies LLC now owns 50,959 shares of the company’s stock valued at $922,000 after buying an additional 593 shares in the last quarter. Ameliora Wealth Management Ltd. raised its position in shares of First Trust Preferred Securities and Income ETF by 93.1% during the 3rd quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock valued at $26,000 after buying an additional 690 shares in the last quarter. Patten Group Inc. raised its position in shares of First Trust Preferred Securities and Income ETF by 1.2% during the 2nd quarter. Patten Group Inc. now owns 78,132 shares of the company’s stock valued at $1,356,000 after buying an additional 961 shares in the last quarter. Finally, TRUE Private Wealth Advisors raised its position in shares of First Trust Preferred Securities and Income ETF by 5.5% during the 2nd quarter. TRUE Private Wealth Advisors now owns 18,936 shares of the company’s stock valued at $329,000 after buying an additional 983 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA FPE opened at $17.96 on Friday. First Trust Preferred Securities and Income ETF has a 12-month low of $16.09 and a 12-month high of $18.23. The firm’s 50-day moving average price is $18.06 and its 200-day moving average price is $17.67.

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.