Ironwood Investment Counsel LLC trimmed its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) by 25.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 200,788 shares of the company’s stock after selling 69,970 shares during the period. Ironwood Investment Counsel LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $3,554,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in First Trust Preferred Securities and Income ETF in the 4th quarter valued at $151,643,000. Falcon Wealth Planning acquired a new position in First Trust Preferred Securities and Income ETF during the 4th quarter worth approximately $19,169,000. LPL Financial LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 9.5% in the 3rd quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock worth $214,968,000 after acquiring an additional 1,035,105 shares during the period. Independent Advisor Alliance acquired a new stake in First Trust Preferred Securities and Income ETF in the fourth quarter valued at approximately $14,909,000. Finally, Barclays PLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the third quarter valued at approximately $12,838,000.
First Trust Preferred Securities and Income ETF Stock Performance
Shares of FPE stock opened at $17.61 on Friday. The firm has a fifty day simple moving average of $17.76 and a 200-day simple moving average of $17.89. First Trust Preferred Securities and Income ETF has a twelve month low of $16.95 and a twelve month high of $18.23.
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.
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