Mendota Financial Group LLC Sells 1,513 Shares of First Trust Preferred Securities and Income ETF $FPE

Mendota Financial Group LLC lessened its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 17.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 7,301 shares of the company’s stock after selling 1,513 shares during the period. Mendota Financial Group LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $130,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cetera Investment Advisers acquired a new position in shares of First Trust Preferred Securities and Income ETF during the first quarter worth approximately $25,303,000. Advisory Alpha LLC increased its position in First Trust Preferred Securities and Income ETF by 204.1% during the first quarter. Advisory Alpha LLC now owns 2,000,185 shares of the company’s stock worth $35,183,000 after acquiring an additional 1,342,527 shares during the period. LPL Financial LLC raised its stake in First Trust Preferred Securities and Income ETF by 10.2% during the 1st quarter. LPL Financial LLC now owns 14,362,757 shares of the company’s stock valued at $252,641,000 after purchasing an additional 1,334,701 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in First Trust Preferred Securities and Income ETF by 41.5% in the 1st quarter. Ameriprise Financial Inc. now owns 3,464,598 shares of the company’s stock valued at $60,938,000 after purchasing an additional 1,016,528 shares during the period. Finally, Royal Bank of Canada grew its position in First Trust Preferred Securities and Income ETF by 2.9% in the 1st quarter. Royal Bank of Canada now owns 17,296,239 shares of the company’s stock worth $304,241,000 after purchasing an additional 495,358 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE opened at $18.30 on Friday. The company has a 50-day simple moving average of $18.13 and a 200-day simple moving average of $17.75. First Trust Preferred Securities and Income ETF has a 52 week low of $16.77 and a 52 week high of $18.42.

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.