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

Financial Advocates Investment Management reduced its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 10.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,030 shares of the company’s stock after selling 1,384 shares during the quarter. 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.

Other large investors also recently modified their holdings of the company. Raleigh Capital Management Inc. boosted its position in First Trust Preferred Securities and Income ETF by 96.6% during the fourth 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. ORG Partners LLC boosted its position in First Trust Preferred Securities and Income ETF by 1,655.6% during the fourth quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock valued at $47,000 after purchasing an additional 2,500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in First Trust Preferred Securities and Income ETF by 435.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock valued at $68,000 after purchasing an additional 3,130 shares during the last quarter. FSC Wealth Advisors LLC boosted its position in First Trust Preferred Securities and Income ETF by 75.9% during the third quarter. FSC Wealth Advisors LLC now owns 3,820 shares of the company’s stock valued at $69,000 after purchasing an additional 1,648 shares during the last quarter. Finally, Ehrlich Financial Group acquired a new position in First Trust Preferred Securities and Income ETF during the fourth quarter valued at approximately $181,000.

First Trust Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA FPE opened at $17.84 on Tuesday. The stock has a 50 day moving average price of $17.78 and a 200 day moving average price of $17.86. First Trust Preferred Securities and Income ETF has a 52 week low of $16.95 and a 52 week 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.