DAVENPORT & Co LLC Sells 747 Shares of First Trust Preferred Securities and Income ETF $FPE

DAVENPORT & Co LLC lowered its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 1.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,338 shares of the company’s stock after selling 747 shares during the period. DAVENPORT & Co LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Woodmont Investment Counsel LLC raised its position in shares of First Trust Preferred Securities and Income ETF by 13.5% during the second quarter. Woodmont Investment Counsel LLC now owns 43,330 shares of the company’s stock valued at $771,000 after buying an additional 5,141 shares during the last quarter. Curran Financial Partners LLC bought a new stake in First Trust Preferred Securities and Income ETF in the second quarter worth $5,716,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in First Trust Preferred Securities and Income ETF by 3.9% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,117,589 shares of the company’s stock worth $19,893,000 after purchasing an additional 41,683 shares during the last quarter. Seros Financial LLC increased its position in First Trust Preferred Securities and Income ETF by 3.1% in the second quarter. Seros Financial LLC now owns 441,869 shares of the company’s stock worth $7,865,000 after purchasing an additional 13,389 shares during the last quarter. Finally, Trinity Legacy Partners LLC increased its position in First Trust Preferred Securities and Income ETF by 2.4% in the second quarter. Trinity Legacy Partners LLC now owns 554,777 shares of the company’s stock worth $9,903,000 after purchasing an additional 13,000 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE opened at $18.14 on Friday. The company’s fifty day moving average is $18.18 and its 200 day moving average is $17.77. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.77 and a fifty-two week high of $18.42.

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.