Barings LLC Sells 100,291 Shares of First Trust Preferred Securities and Income ETF $FPE

Barings LLC lessened its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 36.4% during the fourth quarter, Holdings Channel reports. The fund owned 175,090 shares of the company’s stock after selling 100,291 shares during the period. Barings LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $3,190,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Cozad Asset Management Inc. increased its stake in First Trust Preferred Securities and Income ETF by 4.9% in the third quarter. Cozad Asset Management Inc. now owns 12,405 shares of the company’s stock valued at $226,000 after acquiring an additional 585 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in First Trust Preferred Securities and Income ETF by 3.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 20,206 shares of the company’s stock valued at $368,000 after acquiring an additional 628 shares during the last quarter. Visionary Wealth Advisors increased its stake in First Trust Preferred Securities and Income ETF by 0.9% in the second quarter. Visionary Wealth Advisors now owns 69,297 shares of the company’s stock valued at $1,233,000 after acquiring an additional 634 shares during the last quarter. Synovus Financial Corp increased its stake in First Trust Preferred Securities and Income ETF by 0.8% in the third quarter. Synovus Financial Corp now owns 82,444 shares of the company’s stock valued at $1,504,000 after acquiring an additional 648 shares during the last quarter. Finally, Raleigh Capital Management Inc. increased its stake in First Trust Preferred Securities and Income ETF by 42.8% in the fourth quarter. Raleigh Capital Management Inc. now owns 2,507 shares of the company’s stock valued at $46,000 after acquiring an additional 752 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

FPE opened at $17.94 on Friday. First Trust Preferred Securities and Income ETF has a 52 week low of $17.54 and a 52 week high of $18.51. The business’s fifty day simple moving average is $18.02 and its 200 day simple moving average is $18.15.

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. FPE was launched on Feb 12, 2013 and is managed by First Trust.