HCR Wealth Advisors Decreases Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

HCR Wealth Advisors lessened its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 875,105 shares of the company’s stock after selling 6,481 shares during the quarter. First Trust Preferred Securities and Income ETF comprises 2.2% of HCR Wealth Advisors’ investment portfolio, making the stock its 10th largest position. HCR Wealth Advisors owned about 0.29% of First Trust Preferred Securities and Income ETF worth $15,192,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Securities Inc. purchased a new position in shares of First Trust Preferred Securities and Income ETF in the fourth quarter worth $517,000. Janney Montgomery Scott LLC lifted its stake in First Trust Preferred Securities and Income ETF by 13.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,468,364 shares of the company’s stock worth $24,757,000 after acquiring an additional 176,155 shares during the period. Barings LLC raised its holdings in First Trust Preferred Securities and Income ETF by 207.6% in the 4th quarter. Barings LLC now owns 633,195 shares of the company’s stock worth $10,676,000 after purchasing an additional 427,333 shares in the last quarter. OMNI 360 Wealth Inc. purchased a new stake in First Trust Preferred Securities and Income ETF in the fourth quarter worth about $455,000. Finally, Level Four Advisory Services LLC purchased a new position in First Trust Preferred Securities and Income ETF during the fourth quarter valued at $559,000.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA FPE opened at $17.88 on Monday. First Trust Preferred Securities and Income ETF has a 12 month low of $15.46 and a 12 month high of $17.91. The stock’s fifty day moving average price is $17.62 and its 200-day moving average price is $17.38.

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.