Synergy Asset Management LLC Has $6.21 Million Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Synergy Asset Management LLC reduced its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 15.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 357,880 shares of the company’s stock after selling 66,980 shares during the quarter. First Trust Preferred Securities and Income ETF makes up approximately 1.0% of Synergy Asset Management LLC’s holdings, making the stock its 23rd largest holding. Synergy Asset Management LLC owned about 0.12% of First Trust Preferred Securities and Income ETF worth $6,213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of FPE. Opal Wealth Advisors LLC acquired a new position in First Trust Preferred Securities and Income ETF during the 2nd quarter worth $26,000. Bogart Wealth LLC bought a new position in First Trust Preferred Securities and Income ETF during the first quarter worth about $36,000. FSC Wealth Advisors LLC grew its holdings in First Trust Preferred Securities and Income ETF by 85.3% during the second quarter. FSC Wealth Advisors LLC now owns 2,172 shares of the company’s stock valued at $38,000 after purchasing an additional 1,000 shares during the period. Indiana Trust & Investment Management CO acquired a new position in shares of First Trust Preferred Securities and Income ETF in the 1st quarter valued at $44,000. Finally, Larson Financial Group LLC grew its stake 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 valued at $46,000 after acquiring an additional 1,441 shares during the period.

First Trust Preferred Securities and Income ETF Trading Up 0.1 %

Shares of NYSEARCA:FPE traded up $0.02 during trading on Friday, hitting $17.91. 122,426 shares of the company’s stock traded hands, compared to its average volume of 1,233,784. First Trust Preferred Securities and Income ETF has a 52 week low of $15.46 and a 52 week high of $17.91. The company has a 50-day moving average price of $17.61 and a 200-day moving average price of $17.37.

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.