Envestnet Asset Management Inc. Has $31.02 Million Stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Envestnet Asset Management Inc. decreased its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 1.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,943,868 shares of the company’s stock after selling 37,790 shares during the quarter. Envestnet Asset Management Inc. owned about 0.57% of First Trust Preferred Securities and Income ETF worth $31,024,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of FPE. Jane Street Group LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 207.6% in the 4th quarter. Jane Street Group LLC now owns 7,885,115 shares of the company’s stock valued at $132,470,000 after purchasing an additional 5,321,750 shares during the period. Royal Bank of Canada raised its holdings in shares of First Trust Preferred Securities and Income ETF by 6.4% in the 1st quarter. Royal Bank of Canada now owns 19,946,709 shares of the company’s stock worth $379,385,000 after purchasing an additional 1,206,106 shares during the period. LPL Financial LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 7.3% in the first quarter. LPL Financial LLC now owns 9,803,077 shares of the company’s stock worth $156,457,000 after buying an additional 665,019 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in First Trust Preferred Securities and Income ETF by 12.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 6,156,126 shares of the company’s stock worth $98,252,000 after acquiring an additional 657,257 shares in the last quarter. Finally, Avidian Wealth Solutions LLC increased its stake in First Trust Preferred Securities and Income ETF by 100.7% in the 1st quarter. Avidian Wealth Solutions LLC now owns 1,028,921 shares of the company’s stock worth $16,422,000 after purchasing an additional 516,258 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE opened at $16.13 on Wednesday. The business’s 50 day moving average price is $16.08 and its 200-day moving average price is $16.20. First Trust Preferred Securities and Income ETF has a 52 week low of $15.23 and a 52 week high of $18.29.

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.