First Trust Preferred Securities and Income ETF $FPE Stock Position Reduced by International Assets Investment Management LLC

International Assets Investment Management LLC lessened its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 30.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,827 shares of the company’s stock after selling 34,195 shares during the quarter. International Assets Investment Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,344,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. TI Trust Inc. lifted its holdings in First Trust Preferred Securities and Income ETF by 1.8% in the 3rd quarter. TI Trust Inc. now owns 33,914 shares of the company’s stock valued at $578,000 after purchasing an additional 595 shares in the last quarter. Milestones Private Investment Advisors LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 0.4% during the 3rd quarter. Milestones Private Investment Advisors LLC now owns 147,334 shares of the company’s stock worth $2,512,000 after purchasing an additional 650 shares during the last quarter. Blue Zone Wealth Advisors LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 5.7% during the 3rd quarter. Blue Zone Wealth Advisors LLC now owns 12,323 shares of the company’s stock worth $210,000 after purchasing an additional 661 shares during the last quarter. Paller Financial Services Inc grew its holdings in shares of First Trust Preferred Securities and Income ETF by 1.4% during the third quarter. Paller Financial Services Inc now owns 56,735 shares of the company’s stock worth $967,000 after buying an additional 765 shares in the last quarter. Finally, QP Wealth Management LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 3.8% during the third quarter. QP Wealth Management LLC now owns 24,755 shares of the company’s stock worth $422,000 after buying an additional 915 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA:FPE opened at $16.99 on Wednesday. The firm has a 50 day simple moving average of $17.26 and a 200-day simple moving average of $17.83. First Trust Preferred Securities and Income ETF has a 1-year low of $16.87 and a 1-year high of $18.48.

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. FPE was launched on Feb 12, 2013 and is managed by First Trust.