Altus Wealth Group LLC Has $739,000 Position in First Trust Preferred Securities and Income ETF $FPE

Altus Wealth Group LLC lowered its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,503 shares of the company’s stock after selling 2,115 shares during the period. Altus Wealth Group LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $739,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FPE. Woodmont Investment Counsel LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 16.9% in the 1st quarter. Woodmont Investment Counsel LLC now owns 38,189 shares of the company’s stock valued at $672,000 after purchasing an additional 5,531 shares in the last quarter. LVZ Inc. boosted its stake in shares of First Trust Preferred Securities and Income ETF by 2.8% in the 1st quarter. LVZ Inc. now owns 24,142 shares of the company’s stock valued at $425,000 after purchasing an additional 667 shares in the last quarter. Mendota Financial Group LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 20.7% in the 1st quarter. Mendota Financial Group LLC now owns 8,814 shares of the company’s stock valued at $155,000 after purchasing an additional 1,513 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of First Trust Preferred Securities and Income ETF by 3.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 408,785 shares of the company’s stock valued at $7,191,000 after purchasing an additional 11,971 shares in the last quarter. Finally, Valmark Advisers Inc. boosted its stake in shares of First Trust Preferred Securities and Income ETF by 0.4% in the 1st quarter. Valmark Advisers Inc. now owns 262,329 shares of the company’s stock valued at $4,614,000 after purchasing an additional 968 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Up 0.2%

First Trust Preferred Securities and Income ETF stock opened at $18.44 on Monday. The stock has a 50-day simple moving average of $18.22 and a 200 day simple moving average of $17.80. First Trust Preferred Securities and Income ETF has a 12-month low of $16.77 and a 12-month high of $18.47.

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.