First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Stock Position Trimmed by Twin Peaks Wealth Advisors LLC

Twin Peaks Wealth Advisors LLC trimmed its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 317,333 shares of the company’s stock after selling 8,651 shares during the quarter. First Trust Preferred Securities and Income ETF comprises 2.4% of Twin Peaks Wealth Advisors LLC’s holdings, making the stock its 9th largest position. Twin Peaks Wealth Advisors LLC owned approximately 0.10% of First Trust Preferred Securities and Income ETF worth $5,617,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FPE. Raleigh Capital Management Inc. raised its position in 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 buying an additional 826 shares during the last quarter. ORG Partners LLC raised its holdings in shares of 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 worth $47,000 after purchasing an additional 2,500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted 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 period. Farther Finance Advisors LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 5.8% in the third quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock valued at $184,000 after purchasing an additional 559 shares during the last quarter. Finally, Ehrlich Financial Group acquired a new stake in First Trust Preferred Securities and Income ETF during the 4th quarter worth about $181,000.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE stock opened at $17.78 on Tuesday. First Trust Preferred Securities and Income ETF has a 52-week low of $16.95 and a 52-week high of $18.23. The business has a 50-day simple moving average of $17.75 and a 200-day simple moving average of $17.88.

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.