First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Sold by Twin Peaks Wealth Advisors LLC

Twin Peaks Wealth Advisors LLC cut its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 2.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 317,333 shares of the company’s stock after selling 8,651 shares during the period. First Trust Preferred Securities and Income ETF makes up about 2.4% of Twin Peaks Wealth Advisors LLC’s portfolio, making the stock its 9th largest holding. Twin Peaks Wealth Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $5,617,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Creative Planning raised its position in 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 worth $269,000 after acquiring an additional 3,669 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of First Trust Preferred Securities and Income ETF by 141.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 67,000 shares of the company’s stock worth $1,215,000 after purchasing an additional 39,297 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in First Trust Preferred Securities and Income ETF by 111.0% in the 3rd quarter. Arkadios Wealth Advisors now owns 24,432 shares of the company’s stock valued at $442,000 after buying an additional 12,855 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 5.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 559,805 shares of the company’s stock worth $10,132,000 after buying an additional 28,854 shares during the last quarter. Finally, Strategic Blueprint LLC increased its stake in First Trust Preferred Securities and Income ETF by 5.8% during the 3rd quarter. Strategic Blueprint LLC now owns 48,766 shares of the company’s stock worth $883,000 after buying an additional 2,667 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.78 on Tuesday. The business has a 50 day simple moving average of $17.75 and a two-hundred day simple moving average of $17.88. First Trust Preferred Securities and Income ETF has a 12 month low of $16.95 and a 12 month high of $18.23.

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.