Summit Wealth Partners LLC Sells 9,561 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Summit Wealth Partners LLC lessened its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 13.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,147 shares of the company’s stock after selling 9,561 shares during the period. Summit Wealth Partners LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,082,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Ameliora Wealth Management Ltd. boosted its stake in shares of First Trust Preferred Securities and Income ETF by 93.1% during the 3rd quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock worth $26,000 after acquiring an additional 690 shares during the last quarter. Raleigh Capital Management Inc. boosted its stake in shares of First Trust Preferred Securities and Income ETF by 96.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock worth $30,000 after acquiring an additional 826 shares during the last quarter. ORG Partners LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 1,655.6% during the 4th quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock worth $47,000 after acquiring an additional 2,500 shares during the last quarter. FSC Wealth Advisors LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 75.9% during the 3rd quarter. FSC Wealth Advisors LLC now owns 3,820 shares of the company’s stock worth $69,000 after acquiring an additional 1,648 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of First Trust Preferred Securities and Income ETF by 435.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock worth $68,000 after acquiring an additional 3,130 shares during the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.4 %

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.83 on Thursday. The company’s fifty day simple moving average is $17.78 and its 200-day simple moving average is $17.85. First Trust Preferred Securities and Income ETF has a 1-year low of $16.95 and a 1-year 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.