Stonebridge Advisors LLC Has $3.46 Million Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Stonebridge Advisors LLC cut its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 16.3% during the third quarter, Holdings Channel reports. The institutional investor owned 191,212 shares of the company’s stock after selling 37,223 shares during the quarter. First Trust Preferred Securities and Income ETF makes up approximately 2.3% of Stonebridge Advisors LLC’s investment portfolio, making the stock its 3rd biggest position. Stonebridge Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $3,461,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Farther Finance Advisors LLC raised its position in shares of First Trust Preferred Securities and Income ETF by 5.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock worth $184,000 after purchasing an additional 559 shares during the last quarter. Aspen Wealth Strategies LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 1.2% during the third quarter. Aspen Wealth Strategies LLC now owns 50,959 shares of the company’s stock valued at $922,000 after buying an additional 593 shares during the last quarter. Ameliora Wealth Management Ltd. increased its position in shares of First Trust Preferred Securities and Income ETF by 93.1% during the third quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock valued at $26,000 after acquiring an additional 690 shares in the last quarter. Patten Group Inc. lifted its position in First Trust Preferred Securities and Income ETF by 1.2% in the 2nd quarter. Patten Group Inc. now owns 78,132 shares of the company’s stock valued at $1,356,000 after acquiring an additional 961 shares in the last quarter. Finally, TRUE Private Wealth Advisors raised its stake in shares of First Trust Preferred Securities and Income ETF by 5.5% in the second quarter. TRUE Private Wealth Advisors now owns 18,936 shares of the company’s stock worth $329,000 after purchasing an additional 983 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA:FPE traded up $0.04 during mid-day trading on Monday, reaching $17.85. The company’s stock had a trading volume of 8,124 shares, compared to its average volume of 1,223,182. The firm’s fifty day moving average price is $18.05 and its two-hundred day moving average price is $17.71. First Trust Preferred Securities and Income ETF has a 12-month low of $16.14 and a 12-month 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.