Financial Advocates Investment Management Sells 1,384 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Financial Advocates Investment Management lessened its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 10.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,030 shares of the company’s stock after selling 1,384 shares during the period. Financial Advocates Investment Management’s holdings in First Trust Preferred Securities and Income ETF were worth $213,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its stake in shares of First Trust Preferred Securities and Income ETF by 5.8% in the 3rd 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 during the last quarter. Independent Wealth Network Inc. increased its stake in shares of First Trust Preferred Securities and Income ETF by 0.5% in the 4th quarter. Independent Wealth Network Inc. now owns 108,525 shares of the company’s stock valued at $1,921,000 after purchasing an additional 567 shares during the last quarter. Aspen Wealth Strategies LLC increased its stake in shares of First Trust Preferred Securities and Income ETF by 1.2% in the 3rd quarter. Aspen Wealth Strategies LLC now owns 50,959 shares of the company’s stock valued at $922,000 after purchasing an additional 593 shares during the last quarter. Raleigh Capital Management Inc. increased its stake in shares of First Trust Preferred Securities and Income ETF by 96.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock valued at $30,000 after purchasing an additional 826 shares during the last quarter. Finally, Orion Portfolio Solutions LLC increased its stake in shares of First Trust Preferred Securities and Income ETF by 5.3% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,470 shares of the company’s stock valued at $298,000 after purchasing an additional 829 shares during the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.2 %

Shares of FPE opened at $17.84 on Tuesday. First Trust Preferred Securities and Income ETF has a 52-week low of $16.95 and a 52-week high of $18.23. The business’s fifty day moving average is $17.78 and its 200-day moving average is $17.86.

First Trust Preferred Securities and Income ETF Company 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.