Park National Corp OH Sells 235,796 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Park National Corp OH lowered its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 8.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,713,574 shares of the company’s stock after selling 235,796 shares during the period. First Trust Preferred Securities and Income ETF makes up approximately 1.8% of Park National Corp OH’s holdings, making the stock its 10th biggest position. Park National Corp OH owned about 0.89% of First Trust Preferred Securities and Income ETF worth $48,030,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in First Trust Preferred Securities and Income ETF by 29.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 989,613 shares of the company’s stock worth $17,912,000 after acquiring an additional 224,647 shares during the period. Synovus Financial Corp grew its position in shares of First Trust Preferred Securities and Income ETF by 9.1% in the third quarter. Synovus Financial Corp now owns 86,405 shares of the company’s stock valued at $1,564,000 after purchasing an additional 7,218 shares during the last quarter. Pine Valley Investments Ltd Liability Co bought a new position in shares of First Trust Preferred Securities and Income ETF in the third quarter worth about $1,261,000. Tudor Financial Inc. acquired a new position in shares of First Trust Preferred Securities and Income ETF during the 3rd quarter worth about $407,000. Finally, Soltis Investment Advisors LLC boosted its stake in First Trust Preferred Securities and Income ETF by 9.0% during the 3rd quarter. Soltis Investment Advisors LLC now owns 33,558 shares of the company’s stock valued at $607,000 after purchasing an additional 2,761 shares during the period.

First Trust Preferred Securities and Income ETF Trading Down 0.7 %

NYSEARCA FPE opened at $17.68 on Wednesday. First Trust Preferred Securities and Income ETF has a twelve month low of $16.73 and a twelve month high of $18.23. The firm has a 50-day simple moving average of $17.87 and a 200 day simple moving average of $17.82.

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.