Capital Investment Advisors LLC Lowers Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Capital Investment Advisors LLC decreased its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 32.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 17,916 shares of the company’s stock after selling 8,553 shares during the period. Capital Investment Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $311,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Csenge Advisory Group boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 3.4% in the second quarter. Csenge Advisory Group now owns 552,886 shares of the company’s stock valued at $9,598,000 after purchasing an additional 18,106 shares during the period. NBC Securities Inc. lifted its holdings in First Trust Preferred Securities and Income ETF by 5.4% during the second quarter. NBC Securities Inc. now owns 82,505 shares of the company’s stock worth $1,432,000 after buying an additional 4,256 shares during the period. Park Avenue Securities LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 10.9% during the second quarter. Park Avenue Securities LLC now owns 188,098 shares of the company’s stock worth $3,265,000 after buying an additional 18,434 shares during the period. Kingswood Wealth Advisors LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 66.0% during the second quarter. Kingswood Wealth Advisors LLC now owns 29,622 shares of the company’s stock worth $514,000 after buying an additional 11,773 shares during the period. Finally, Marion Wealth Management lifted its holdings in First Trust Preferred Securities and Income ETF by 3.2% during the second quarter. Marion Wealth Management now owns 295,265 shares of the company’s stock worth $5,126,000 after buying an additional 9,160 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

First Trust Preferred Securities and Income ETF stock remained flat at $17.57 during mid-day trading on Friday. The company’s stock had a trading volume of 1,140,893 shares, compared to its average volume of 1,262,910. The firm’s 50-day moving average is $17.46 and its two-hundred day moving average is $17.28. First Trust Preferred Securities and Income ETF has a one year low of $15.46 and a one year high of $17.70.

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.