DeDora Capital Inc. Decreases Stake in First Trust Preferred Securities and Income ETF $FPE

DeDora Capital Inc. decreased its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 9.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,748 shares of the company’s stock after selling 1,381 shares during the period. DeDora Capital Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $227,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FPE. Envestnet Portfolio Solutions Inc. increased its stake in First Trust Preferred Securities and Income ETF by 20.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 362,906 shares of the company’s stock valued at $6,384,000 after buying an additional 60,919 shares during the last quarter. Woodmont Investment Counsel LLC increased its stake in First Trust Preferred Securities and Income ETF by 16.9% in the 1st quarter. Woodmont Investment Counsel LLC now owns 38,189 shares of the company’s stock valued at $672,000 after buying an additional 5,531 shares during the last quarter. LVZ Inc. increased its stake in First Trust Preferred Securities and Income ETF by 2.8% in the 1st quarter. LVZ Inc. now owns 24,142 shares of the company’s stock valued at $425,000 after buying an additional 667 shares during the last quarter. Mendota Financial Group LLC increased its stake in First Trust Preferred Securities and Income ETF by 20.7% in the 1st quarter. Mendota Financial Group LLC now owns 8,814 shares of the company’s stock valued at $155,000 after buying an additional 1,513 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in First Trust Preferred Securities and Income ETF by 3.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 408,785 shares of the company’s stock valued at $7,191,000 after buying an additional 11,971 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE stock opened at $18.44 on Friday. The company has a 50 day moving average of $18.22 and a 200-day moving average of $17.80. First Trust Preferred Securities and Income ETF has a 12-month low of $16.77 and a 12-month high of $18.47.

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.