AdvisorNet Financial Inc Sells 830 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

AdvisorNet Financial Inc lessened its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 12.7% during the 4th quarter, HoldingsChannel reports. The firm owned 5,720 shares of the company’s stock after selling 830 shares during the period. AdvisorNet Financial Inc’s holdings in First Trust Preferred Securities and Income ETF were worth $101,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. LPL Financial LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 9.5% in the 3rd quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock worth $214,968,000 after buying an additional 1,035,105 shares in the last quarter. HighTower Advisors LLC raised its position in shares of First Trust Preferred Securities and Income ETF by 5.0% during the 3rd quarter. HighTower Advisors LLC now owns 2,750,301 shares of the company’s stock valued at $49,777,000 after buying an additional 131,536 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 19.9% in the 3rd quarter. Stifel Financial Corp now owns 2,056,722 shares of the company’s stock valued at $37,227,000 after acquiring an additional 341,396 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in First Trust Preferred Securities and Income ETF by 1.2% in the third quarter. Rockefeller Capital Management L.P. now owns 1,840,066 shares of the company’s stock worth $33,290,000 after acquiring an additional 21,624 shares in the last quarter. Finally, Prospera Financial Services Inc grew its position in First Trust Preferred Securities and Income ETF by 15.7% in the third quarter. Prospera Financial Services Inc now owns 1,622,012 shares of the company’s stock worth $29,362,000 after acquiring an additional 220,692 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE stock opened at $17.76 on Friday. First Trust Preferred Securities and Income ETF has a 1 year low of $16.82 and a 1 year high of $18.23. The stock’s 50 day simple moving average is $17.82 and its two-hundred day simple moving average is $17.83.

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.