Kovack Advisors Inc. Has $1.37 Million Stock Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Kovack Advisors Inc. trimmed its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 54.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,300 shares of the company’s stock after selling 90,630 shares during the period. Kovack Advisors Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $1,368,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Falcon Wealth Planning acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the 4th quarter valued at about $19,169,000. LPL Financial LLC lifted its stake in First Trust Preferred Securities and Income ETF by 9.5% during the third quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock worth $214,968,000 after purchasing an additional 1,035,105 shares during the period. Barclays PLC acquired a new stake in First Trust Preferred Securities and Income ETF during the third quarter valued at approximately $12,838,000. Advisory Alpha LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF in the 4th quarter valued at approximately $11,641,000. Finally, Private Advisor Group LLC raised its holdings in shares of First Trust Preferred Securities and Income ETF by 144.8% in the 4th quarter. Private Advisor Group LLC now owns 879,316 shares of the company’s stock worth $15,564,000 after buying an additional 520,161 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

First Trust Preferred Securities and Income ETF stock opened at $17.81 on Friday. The business has a 50 day simple moving average of $17.75 and a 200 day simple moving average of $17.88. First Trust Preferred Securities and Income ETF has a one year low of $16.95 and a one year high of $18.23.

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.