Summit Wealth Partners LLC Sells 35,916 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Summit Wealth Partners LLC lowered its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 33.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,392 shares of the company’s stock after selling 35,916 shares during the period. Summit Wealth Partners LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,222,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of FPE. Oppenheimer & Co. Inc. lifted its position in First Trust Preferred Securities and Income ETF by 2.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 321,072 shares of the company’s stock valued at $5,413,000 after purchasing an additional 7,973 shares during the last quarter. Cetera Advisor Networks LLC boosted its position in First Trust Preferred Securities and Income ETF by 5.9% during the 4th quarter. Cetera Advisor Networks LLC now owns 532,241 shares of the company’s stock valued at $8,974,000 after buying an additional 29,798 shares during the period. Stephens Inc. AR grew its holdings in First Trust Preferred Securities and Income ETF by 7.6% in the 4th quarter. Stephens Inc. AR now owns 127,017 shares of the company’s stock worth $2,141,000 after acquiring an additional 9,000 shares during the last quarter. Waterloo Capital L.P. purchased a new position in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at about $1,248,000. Finally, Traction Financial Partners LLC bought a new position in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at about $3,989,000.

First Trust Preferred Securities and Income ETF Stock Performance

First Trust Preferred Securities and Income ETF stock opened at $18.10 on Wednesday. First Trust Preferred Securities and Income ETF has a 1-year low of $15.46 and a 1-year high of $18.23. The firm has a 50-day moving average of $17.80 and a 200-day moving average of $17.49.

About First Trust Preferred Securities and Income ETF

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.