Cypress Capital Group Has $619,000 Stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Cypress Capital Group lowered its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 19.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 35,670 shares of the company’s stock after selling 8,364 shares during the period. Cypress Capital Group’s holdings in First Trust Preferred Securities and Income ETF were worth $619,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Etesian Wealth Advisors Inc. increased its stake in First Trust Preferred Securities and Income ETF by 0.3% during the 1st quarter. Etesian Wealth Advisors Inc. now owns 187,309 shares of the company’s stock valued at $3,244,000 after purchasing an additional 595 shares in the last quarter. Cornerstone Advisory LLC increased its stake in First Trust Preferred Securities and Income ETF by 2.2% during the 4th quarter. Cornerstone Advisory LLC now owns 31,729 shares of the company’s stock valued at $535,000 after purchasing an additional 672 shares in the last quarter. Edmonds Duncan Registered Investment Advisors LLC increased its stake in First Trust Preferred Securities and Income ETF by 0.6% during the 1st quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 149,957 shares of the company’s stock valued at $2,597,000 after purchasing an additional 825 shares in the last quarter. Centaurus Financial Inc. increased its stake in First Trust Preferred Securities and Income ETF by 8.4% during the 4th quarter. Centaurus Financial Inc. now owns 10,936 shares of the company’s stock valued at $184,000 after purchasing an additional 848 shares in the last quarter. Finally, Hilltop Holdings Inc. increased its stake in First Trust Preferred Securities and Income ETF by 9.0% during the 4th quarter. Hilltop Holdings Inc. now owns 10,896 shares of the company’s stock valued at $184,000 after purchasing an additional 896 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA FPE remained flat at $17.78 during trading on Monday. 72,099 shares of the stock traded hands, compared to its average volume of 1,236,962. First Trust Preferred Securities and Income ETF has a 12-month low of $15.46 and a 12-month high of $17.80. The company’s 50 day moving average price is $17.53 and its two-hundred day moving average price is $17.33.

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.