Cwm LLC Reduces Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Cwm LLC reduced its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 7.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 233,954 shares of the company’s stock after selling 20,126 shares during the period. Cwm LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $3,944,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Kingsview Wealth Management LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 1.5% in the third quarter. Kingsview Wealth Management LLC now owns 263,015 shares of the company’s stock worth $4,200,000 after buying an additional 4,006 shares during the period. Brookstone Capital Management lifted its holdings in First Trust Preferred Securities and Income ETF by 172.9% in the fourth quarter. Brookstone Capital Management now owns 87,088 shares of the company’s stock worth $1,468,000 after buying an additional 55,171 shares during the period. Summit Financial Wealth Advisors LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 42.3% in the fourth quarter. Summit Financial Wealth Advisors LLC now owns 27,781 shares of the company’s stock worth $468,000 after buying an additional 8,259 shares during the period. Wagner Wealth Management LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 4.9% in the fourth quarter. Wagner Wealth Management LLC now owns 20,866 shares of the company’s stock worth $352,000 after buying an additional 972 shares during the period. Finally, Marion Wealth Management purchased a new stake in First Trust Preferred Securities and Income ETF in the fourth quarter worth about $4,705,000.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE opened at $17.05 on Thursday. First Trust Preferred Securities and Income ETF has a one year low of $15.45 and a one year high of $17.45. The company has a 50-day simple moving average of $17.21 and a two-hundred day simple moving average of $16.72.

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.