First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Stake Reduced by Etesian Wealth Advisors Inc.

Etesian Wealth Advisors Inc. cut its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 12.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,995 shares of the company’s stock after selling 18,930 shares during the period. First Trust Preferred Securities and Income ETF accounts for approximately 1.0% of Etesian Wealth Advisors Inc.’s investment portfolio, making the stock its 23rd largest holding. Etesian Wealth Advisors Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $2,283,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Atomi Financial Group Inc. acquired a new stake in First Trust Preferred Securities and Income ETF in the 4th quarter valued at approximately $232,000. Creative Planning increased its holdings in shares of First Trust Preferred Securities and Income ETF by 32.8% during the third quarter. Creative Planning now owns 14,869 shares of the company’s stock valued at $269,000 after purchasing an additional 3,669 shares during the period. Farther Finance Advisors LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 5.8% during the third quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock valued at $184,000 after purchasing an additional 559 shares in the last quarter. Perigon Wealth Management LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at about $219,000. Finally, Acorn Wealth Advisors LLC acquired a new stake in First Trust Preferred Securities and Income ETF in the third quarter worth about $318,000.

First Trust Preferred Securities and Income ETF Price Performance

First Trust Preferred Securities and Income ETF stock opened at $17.83 on Thursday. First Trust Preferred Securities and Income ETF has a 52 week low of $16.95 and a 52 week high of $18.23. The company’s 50-day moving average price is $17.78 and its two-hundred day moving average price is $17.85.

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.