First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC reduced its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 10.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 643,511 shares of the company’s stock after selling 72,891 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.19% of First Trust Preferred Securities and Income ETF worth $11,146,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Waterloo Capital L.P. purchased a new position in First Trust Preferred Securities and Income ETF in the fourth quarter valued at about $1,248,000. Brookstone Capital Management boosted its position in First Trust Preferred Securities and Income ETF by 172.9% during the fourth quarter. Brookstone Capital Management now owns 87,088 shares of the company’s stock worth $1,468,000 after purchasing an additional 55,171 shares in the last quarter. Eldridge Investment Advisors Inc. grew its holdings in First Trust Preferred Securities and Income ETF by 28.6% in the fourth quarter. Eldridge Investment Advisors Inc. now owns 506,055 shares of the company’s stock valued at $8,532,000 after purchasing an additional 112,546 shares during the last quarter. Summit Financial Wealth Advisors LLC increased its position in shares of First Trust Preferred Securities and Income ETF by 42.3% in the fourth 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 in the last quarter. Finally, Chicago Partners Investment Group LLC increased its position in shares of First Trust Preferred Securities and Income ETF by 8.4% in the fourth quarter. Chicago Partners Investment Group LLC now owns 334,467 shares of the company’s stock valued at $5,679,000 after buying an additional 26,008 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.1 %

First Trust Preferred Securities and Income ETF stock opened at $17.36 on Friday. First Trust Preferred Securities and Income ETF has a 52 week low of $15.46 and a 52 week high of $17.45. The firm’s 50-day simple moving average is $17.27 and its 200 day simple moving average is $17.15.

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.