Icon Wealth Advisors LLC Reduces Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Icon Wealth Advisors LLC lessened its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 10.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 152,411 shares of the company’s stock after selling 17,545 shares during the quarter. Icon Wealth Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $2,640,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Wells Fargo & Company MN increased its holdings in First Trust Preferred Securities and Income ETF by 0.4% in the fourth quarter. Wells Fargo & Company MN now owns 10,592,022 shares of the company’s stock valued at $178,581,000 after buying an additional 42,501 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in First Trust Preferred Securities and Income ETF by 7.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,394,476 shares of the company’s stock valued at $93,432,000 after acquiring an additional 392,560 shares during the period. Raymond James & Associates increased its position in First Trust Preferred Securities and Income ETF by 7.5% in the 1st quarter. Raymond James & Associates now owns 3,334,448 shares of the company’s stock valued at $57,753,000 after acquiring an additional 232,363 shares during the period. OLD Mission Capital LLC increased its position in First Trust Preferred Securities and Income ETF by 26,692.8% in the 4th quarter. OLD Mission Capital LLC now owns 2,835,478 shares of the company’s stock valued at $47,806,000 after acquiring an additional 2,824,895 shares during the period. Finally, Kestra Advisory Services LLC increased its position in First Trust Preferred Securities and Income ETF by 4.9% in the 1st quarter. Kestra Advisory Services LLC now owns 2,134,429 shares of the company’s stock valued at $36,968,000 after acquiring an additional 100,431 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

FPE stock traded up $0.07 during trading on Tuesday, hitting $17.55. The company had a trading volume of 958,772 shares, compared to its average volume of 1,270,705. First Trust Preferred Securities and Income ETF has a 1-year low of $15.46 and a 1-year high of $17.70. The firm has a 50-day moving average price of $17.41 and a 200-day moving average price of $17.25.

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.