Park Edge Advisors LLC Sells 2,985 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Park Edge Advisors LLC reduced its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 14.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,344 shares of the company’s stock after selling 2,985 shares during the quarter. Park Edge Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $332,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FPE. International Assets Investment Management LLC lifted its position in First Trust Preferred Securities and Income ETF by 1,642.3% during the third quarter. International Assets Investment Management LLC now owns 1,544,370 shares of the company’s stock worth $279,530,000 after acquiring an additional 1,455,731 shares during the last quarter. Cetera Investment Advisers boosted its stake in First Trust Preferred Securities and Income ETF by 194.9% in the 1st quarter. Cetera Investment Advisers now owns 1,141,966 shares of the company’s stock valued at $19,779,000 after purchasing an additional 754,718 shares during the period. Waverly Advisors LLC bought a new stake in First Trust Preferred Securities and Income ETF in the 1st quarter valued at $11,610,000. Synergy Asset Management LLC bought a new position in First Trust Preferred Securities and Income ETF during the 1st quarter worth $7,359,000. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 1,275.1% during the second quarter. Ameritas Investment Partners Inc. now owns 410,145 shares of the company’s stock worth $7,120,000 after buying an additional 380,318 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of First Trust Preferred Securities and Income ETF stock remained flat at $18.00 during trading on Friday. 830,593 shares of the stock were exchanged, compared to its average volume of 1,232,757. The firm’s 50 day moving average price is $18.01 and its 200-day moving average price is $17.58. First Trust Preferred Securities and Income ETF has a 52 week low of $15.46 and a 52 week 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.