First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Stake Lowered by Bangor Savings Bank

Bangor Savings Bank cut its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,973 shares of the company’s stock after selling 2,799 shares during the quarter. Bangor Savings Bank’s holdings in First Trust Preferred Securities and Income ETF were worth $991,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of FPE. Ameliora Wealth Management Ltd. increased its position in First Trust Preferred Securities and Income ETF by 93.1% in the 3rd quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock worth $26,000 after purchasing an additional 690 shares during the last quarter. Larson Financial Group LLC increased its holdings in First Trust Preferred Securities and Income ETF by 117.1% in the second quarter. Larson Financial Group LLC now owns 2,672 shares of the company’s stock worth $46,000 after buying an additional 1,441 shares during the last quarter. Mattson Financial Services LLC bought a new position in First Trust Preferred Securities and Income ETF during the second quarter valued at approximately $46,000. Strategic Financial Concepts LLC raised its position in First Trust Preferred Securities and Income ETF by 172.2% during the second quarter. Strategic Financial Concepts LLC now owns 301,338 shares of the company’s stock valued at $52,000 after acquiring an additional 190,646 shares in the last quarter. Finally, FSC Wealth Advisors LLC lifted its stake in First Trust Preferred Securities and Income ETF by 75.9% in the third quarter. FSC Wealth Advisors LLC now owns 3,820 shares of the company’s stock valued at $69,000 after acquiring an additional 1,648 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE opened at $17.80 on Tuesday. The company’s fifty day moving average is $17.88 and its 200-day moving average is $17.82. First Trust Preferred Securities and Income ETF has a 12 month low of $16.73 and a 12 month 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.