International Assets Investment Management LLC Trims Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

International Assets Investment Management LLC trimmed its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 9.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,639 shares of the company’s stock after selling 9,570 shares during the period. International Assets Investment Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in FPE. Opal Wealth Advisors LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF during the second quarter valued at approximately $26,000. Bogart Wealth LLC purchased a new position in First Trust Preferred Securities and Income ETF during the 1st quarter worth $36,000. FSC Wealth Advisors LLC raised its position in First Trust Preferred Securities and Income ETF by 85.3% during the 2nd quarter. FSC Wealth Advisors LLC now owns 2,172 shares of the company’s stock valued at $38,000 after purchasing an additional 1,000 shares in the last quarter. Indiana Trust & Investment Management CO purchased a new stake in shares of First Trust Preferred Securities and Income ETF in the 1st quarter worth $44,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter worth $49,000.

First Trust Preferred Securities and Income ETF Trading Down 0.4 %

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.76 on Friday. First Trust Preferred Securities and Income ETF has a 1 year low of $15.46 and a 1 year high of $17.83. The firm’s 50-day moving average is $17.57 and its two-hundred day moving average is $17.35.

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.