First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Sold by American Financial Advisors LLC

American Financial Advisors LLC cut its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 40.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,651 shares of the company’s stock after selling 11,348 shares during the period. American Financial Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $281,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Dynamic Advisor Solutions LLC raised its holdings in shares of First Trust Preferred Securities and Income ETF by 13.0% during the third quarter. Dynamic Advisor Solutions LLC now owns 23,840 shares of the company’s stock valued at $381,000 after acquiring an additional 2,745 shares during the period. Kingsview Wealth Management LLC increased its stake in First Trust Preferred Securities and Income ETF by 1.5% in the 3rd quarter. Kingsview Wealth Management LLC now owns 263,015 shares of the company’s stock valued at $4,200,000 after buying an additional 4,006 shares during the period. Summit Financial Wealth Advisors LLC increased its stake in First Trust Preferred Securities and Income ETF by 42.3% in the 4th quarter. Summit Financial Wealth Advisors LLC now owns 27,781 shares of the company’s stock valued at $468,000 after buying an additional 8,259 shares during the period. Brookstone Capital Management grew its position in First Trust Preferred Securities and Income ETF by 172.9% in the fourth quarter. Brookstone Capital Management now owns 87,088 shares of the company’s stock worth $1,468,000 after acquiring an additional 55,171 shares in the last quarter. Finally, Wagner Wealth Management LLC grew its position in First Trust Preferred Securities and Income ETF by 4.9% in the fourth quarter. Wagner Wealth Management LLC now owns 20,866 shares of the company’s stock worth $352,000 after acquiring an additional 972 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

FPE stock traded up $0.02 during trading hours on Friday, hitting $17.03. The company’s stock had a trading volume of 1,254,351 shares, compared to its average volume of 1,447,549. First Trust Preferred Securities and Income ETF has a 12 month low of $15.45 and a 12 month high of $17.45. The stock has a 50 day moving average price of $17.21 and a two-hundred day moving average price of $16.68.

First Trust Preferred Securities and Income ETF Profile

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.