Altus Wealth Group LLC Decreases Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Altus Wealth Group LLC reduced its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 21.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,517 shares of the company’s stock after selling 12,182 shares during the period. Altus Wealth Group LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $770,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Independent Wealth Network Inc. boosted its stake in shares of First Trust Preferred Securities and Income ETF by 0.5% in the fourth quarter. Independent Wealth Network Inc. now owns 108,525 shares of the company’s stock worth $1,921,000 after acquiring an additional 567 shares during the last quarter. Raleigh Capital Management Inc. boosted its stake 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 purchasing an additional 826 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 5.3% during the third quarter. Orion Portfolio Solutions LLC now owns 16,470 shares of the company’s stock worth $298,000 after buying an additional 829 shares in the last quarter. US Bancorp DE raised its position in shares of First Trust Preferred Securities and Income ETF by 0.6% in the fourth quarter. US Bancorp DE now owns 153,440 shares of the company’s stock valued at $2,717,000 after buying an additional 859 shares during the last quarter. Finally, DAVENPORT & Co LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF by 1.6% in the fourth quarter. DAVENPORT & Co LLC now owns 56,574 shares of the company’s stock worth $1,001,000 after buying an additional 883 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Up 0.3 %

Shares of NYSEARCA FPE opened at $17.66 on Friday. First Trust Preferred Securities and Income ETF has a 12-month low of $16.95 and a 12-month high of $18.23. The company has a 50-day moving average of $17.76 and a 200 day moving average of $17.89.

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.