Wealth Enhancement Advisory Services LLC Sells 75,077 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Wealth Enhancement Advisory Services LLC cut its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPEFree Report) by 11.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 561,213 shares of the company’s stock after selling 75,077 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $9,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in FPE. Royal Bank of Canada lifted its position in shares of First Trust Preferred Securities and Income ETF by 1.7% in the 4th quarter. Royal Bank of Canada now owns 16,800,881 shares of the company’s stock worth $297,378,000 after purchasing an additional 286,168 shares during the period. Wells Fargo & Company MN lifted its stake in shares of First Trust Preferred Securities and Income ETF by 7.9% in the fourth quarter. Wells Fargo & Company MN now owns 13,744,821 shares of the company’s stock valued at $243,283,000 after buying an additional 1,005,457 shares in the last quarter. LPL Financial LLC lifted its position in First Trust Preferred Securities and Income ETF by 9.7% in the 4th quarter. LPL Financial LLC now owns 13,028,056 shares of the company’s stock valued at $230,597,000 after acquiring an additional 1,151,344 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at approximately $151,643,000. Finally, Bank of America Corp DE raised its holdings in shares of First Trust Preferred Securities and Income ETF by 104.3% in the fourth quarter. Bank of America Corp DE now owns 7,093,224 shares of the company’s stock valued at $125,550,000 after purchasing an additional 3,621,383 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

FPE opened at $17.77 on Tuesday. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.77 and a fifty-two week high of $18.23. The company’s 50-day moving average is $17.47 and its 200 day moving average is $17.61.

About First Trust Preferred Securities and Income ETF

(Free Report)

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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Want to see what other hedge funds are holding FPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Preferred Securities and Income ETF (NYSEARCA:FPEFree Report).

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

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