First Trust Preferred Securities and Income ETF $FPE Holdings Reduced by Kraematon Investment Advisors Inc.

Kraematon Investment Advisors Inc. lessened its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 11.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 43,260 shares of the company’s stock after selling 5,673 shares during the quarter. Kraematon Investment Advisors Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $770,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in FPE. Curran Financial Partners LLC acquired a new stake in First Trust Preferred Securities and Income ETF in the 2nd quarter valued at approximately $5,716,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of First Trust Preferred Securities and Income ETF by 3.9% during the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,117,589 shares of the company’s stock valued at $19,893,000 after purchasing an additional 41,683 shares during the period. Seros Financial LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 3.1% during the second quarter. Seros Financial LLC now owns 441,869 shares of the company’s stock valued at $7,865,000 after purchasing an additional 13,389 shares in the last quarter. Trinity Legacy Partners LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 2.4% in the second quarter. Trinity Legacy Partners LLC now owns 554,777 shares of the company’s stock worth $9,903,000 after purchasing an additional 13,000 shares during the period. Finally, Tanager Wealth Management LLP lifted its holdings in First Trust Preferred Securities and Income ETF by 168.4% in the second quarter. Tanager Wealth Management LLP now owns 51,836 shares of the company’s stock worth $923,000 after purchasing an additional 32,520 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

First Trust Preferred Securities and Income ETF stock opened at $18.27 on Friday. The company’s 50-day moving average price is $18.14 and its two-hundred day moving average price is $17.76. First Trust Preferred Securities and Income ETF has a 52 week low of $16.77 and a 52 week high of $18.42.

About First Trust Preferred Securities and Income ETF

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.