First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) is HCR Wealth Advisors’ 10th Largest Position

HCR Wealth Advisors lessened its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 3.5% during the fourth quarter, Holdings Channel reports. The fund owned 851,180 shares of the company’s stock after selling 31,022 shares during the period. First Trust Preferred Securities and Income ETF comprises 1.9% of HCR Wealth Advisors’ holdings, making the stock its 10th biggest holding. HCR Wealth Advisors’ holdings in First Trust Preferred Securities and Income ETF were worth $15,066,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FPE. LPL Financial LLC increased its stake in shares of First Trust Preferred Securities and Income ETF by 9.5% in the third quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock worth $214,968,000 after buying an additional 1,035,105 shares during the period. HighTower Advisors LLC increased its position in shares of First Trust Preferred Securities and Income ETF by 5.0% during the third quarter. HighTower Advisors LLC now owns 2,750,301 shares of the company’s stock valued at $49,777,000 after buying an additional 131,536 shares during the period. Stifel Financial Corp raised its stake in First Trust Preferred Securities and Income ETF by 19.9% in the third quarter. Stifel Financial Corp now owns 2,056,722 shares of the company’s stock worth $37,227,000 after buying an additional 341,396 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in First Trust Preferred Securities and Income ETF by 1.2% in the third quarter. Rockefeller Capital Management L.P. now owns 1,840,066 shares of the company’s stock worth $33,290,000 after buying an additional 21,624 shares during the period. Finally, Prospera Financial Services Inc lifted its holdings in First Trust Preferred Securities and Income ETF by 15.7% in the third quarter. Prospera Financial Services Inc now owns 1,622,012 shares of the company’s stock worth $29,362,000 after buying an additional 220,692 shares during the period.

First Trust Preferred Securities and Income ETF Trading Up 0.9 %

FPE stock opened at $17.72 on Thursday. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.82 and a fifty-two week high of $18.23. The business’s 50 day moving average price is $17.83 and its two-hundred day moving average price is $17.83.

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.