Wells Fargo & Company MN Cuts Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Wells Fargo & Company MN cut its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 29.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 449,943 shares of the company’s stock after selling 186,904 shares during the quarter. Wells Fargo & Company MN owned 0.17% of First Trust Preferred Securities and Income ETF worth $7,379,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. UBS Group AG boosted its stake in shares of First Trust Preferred Securities and Income ETF by 2.2% in the first quarter. UBS Group AG now owns 9,613,098 shares of the company’s stock worth $157,655,000 after acquiring an additional 203,308 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of First Trust Preferred Securities and Income ETF by 12.1% in the fourth quarter. Bank of America Corp DE now owns 7,937,270 shares of the company’s stock worth $159,300,000 after acquiring an additional 855,470 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of First Trust Preferred Securities and Income ETF by 11.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 2,982,753 shares of the company’s stock worth $59,864,000 after acquiring an additional 316,650 shares during the last quarter. Raymond James & Associates boosted its stake in shares of First Trust Preferred Securities and Income ETF by 11.8% in the fourth quarter. Raymond James & Associates now owns 1,846,869 shares of the company’s stock worth $37,067,000 after acquiring an additional 195,525 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 6.8% in the first quarter. CWM LLC now owns 1,672,684 shares of the company’s stock worth $27,432,000 after acquiring an additional 106,806 shares during the last quarter.

Shares of NYSEARCA:FPE opened at $18.33 on Tuesday. The business’s 50 day moving average price is $18.41 and its 200-day moving average price is $18.81. First Trust Preferred Securities and Income ETF has a 1 year low of $10.40 and a 1 year high of $20.50.

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Institutional Ownership by Quarter for First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

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