Harbour Investments Inc. Reduces Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Harbour Investments Inc. reduced its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 1.7% during the 2nd quarter, Holdings Channel reports. The fund owned 363,852 shares of the company’s stock after selling 6,384 shares during the period. Harbour Investments Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $6,316,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Opal Wealth Advisors LLC purchased a new position in First Trust Preferred Securities and Income ETF in the 2nd quarter valued at about $26,000. Bogart Wealth LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF during the first quarter valued at approximately $36,000. FSC Wealth Advisors LLC boosted its position in First Trust Preferred Securities and Income ETF by 85.3% during the second quarter. FSC Wealth Advisors LLC now owns 2,172 shares of the company’s stock worth $38,000 after acquiring an additional 1,000 shares during the last quarter. Indiana Trust & Investment Management CO purchased a new stake in First Trust Preferred Securities and Income ETF in the 1st quarter worth approximately $44,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in First Trust Preferred Securities and Income ETF in the 2nd quarter valued at $49,000.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE stock remained flat at $17.79 during mid-day trading on Tuesday. The stock had a trading volume of 699,348 shares, compared to its average volume of 1,238,094. First Trust Preferred Securities and Income ETF has a 1-year low of $15.46 and a 1-year high of $17.81. The company has a fifty day simple moving average of $17.55 and a 200-day simple moving average of $17.34.

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.