First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,629,200 shares of the company’s stock after selling 2,619 shares during the period. Janney Montgomery Scott LLC owned approximately 0.53% of First Trust Preferred Securities and Income ETF worth $28,837,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 1,642.3% during the third quarter. International Assets Investment Management LLC now owns 1,544,370 shares of the company’s stock valued at $279,530,000 after acquiring an additional 1,455,731 shares in the last quarter. LPL Financial LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 9.5% during the third quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock valued at $214,968,000 after acquiring an additional 1,035,105 shares in the last quarter. Barclays PLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the third quarter valued at about $12,838,000. Advisory Alpha LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at about $11,641,000. Finally, Stifel Financial Corp grew its stake in shares of First Trust Preferred Securities and Income ETF by 19.9% during the third 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 in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.72 on Friday. The business has a 50-day moving average of $17.80 and a 200-day moving average of $17.84. First Trust Preferred Securities and Income ETF has a 1-year low of $16.95 and a 1-year high of $18.23.

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.