First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Sold by Summit Financial LLC

Summit Financial LLC lowered its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,066 shares of the company’s stock after selling 6,230 shares during the quarter. Summit Financial LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,382,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. LPL Financial LLC grew its position in shares of First Trust Preferred Securities and Income ETF by 9.7% in the 4th quarter. LPL Financial LLC now owns 13,028,056 shares of the company’s stock valued at $230,597,000 after buying an additional 1,151,344 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of First Trust Preferred Securities and Income ETF during the fourth quarter worth about $151,643,000. HighTower Advisors LLC increased its position in shares of First Trust Preferred Securities and Income ETF by 5.6% during the fourth quarter. HighTower Advisors LLC now owns 2,905,210 shares of the company’s stock worth $51,422,000 after purchasing an additional 154,909 shares in the last quarter. Kestra Advisory Services LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 8.7% in the 4th quarter. Kestra Advisory Services LLC now owns 2,476,663 shares of the company’s stock valued at $43,837,000 after purchasing an additional 198,154 shares during the period. Finally, Stifel Financial Corp boosted its position in shares of First Trust Preferred Securities and Income ETF by 19.9% in the 3rd quarter. Stifel Financial Corp now owns 2,056,722 shares of the company’s stock valued at $37,227,000 after purchasing an additional 341,396 shares during the period.

First Trust Preferred Securities and Income ETF Stock Up 0.1 %

FPE opened at $17.60 on Wednesday. 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’s 50 day moving average is $17.76 and its two-hundred day moving average is $17.87.

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.