First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Position Trimmed by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC decreased its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 8.8% in the 4th quarter, Holdings Channel reports. The firm owned 402,079 shares of the company’s stock after selling 38,573 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $7,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. increased its stake in First Trust Preferred Securities and Income ETF by 96.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock valued at $30,000 after purchasing an additional 826 shares during the last quarter. ORG Partners LLC increased its stake in First Trust Preferred Securities and Income ETF by 1,655.6% during the fourth quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock valued at $47,000 after purchasing an additional 2,500 shares during the last quarter. FSC Wealth Advisors LLC increased its stake in First Trust Preferred Securities and Income ETF by 75.9% during the third quarter. FSC Wealth Advisors LLC now owns 3,820 shares of the company’s stock valued at $69,000 after purchasing an additional 1,648 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in First Trust Preferred Securities and Income ETF by 435.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock valued at $68,000 after purchasing an additional 3,130 shares during the last quarter. Finally, Venture Visionary Partners LLC bought a new stake in First Trust Preferred Securities and Income ETF during the third quarter valued at $183,000.

First Trust Preferred Securities and Income ETF Stock Performance

First Trust Preferred Securities and Income ETF stock opened at $17.85 on Thursday. The company has a 50-day simple moving average of $17.75 and a 200-day simple moving average of $17.87. First Trust Preferred Securities and Income ETF has a one year low of $16.95 and a one year high of $18.23.

First Trust Preferred Securities and Income ETF Company 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.