Mutual Advisors LLC Sells 2,406 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Mutual Advisors LLC reduced its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,422 shares of the company’s stock after selling 2,406 shares during the period. Mutual Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $631,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of FPE. Kraematon Investment Advisors Inc. grew its holdings in First Trust Preferred Securities and Income ETF by 6.4% during the 4th quarter. Kraematon Investment Advisors Inc. now owns 42,779 shares of the company’s stock valued at $721,000 after buying an additional 2,578 shares in the last quarter. Keating Wealth Management LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at $323,000. Independent Wealth Network Inc. increased its position in First Trust Preferred Securities and Income ETF by 10.3% in the fourth quarter. Independent Wealth Network Inc. now owns 105,688 shares of the company’s stock worth $1,782,000 after purchasing an additional 9,907 shares during the last quarter. Choice Wealth Advisors LLC raised its stake in First Trust Preferred Securities and Income ETF by 3.1% during the fourth quarter. Choice Wealth Advisors LLC now owns 289,216 shares of the company’s stock valued at $4,876,000 after purchasing an additional 8,786 shares in the last quarter. Finally, Brookstone Capital Management lifted its position in First Trust Preferred Securities and Income ETF by 172.9% during the fourth quarter. Brookstone Capital Management now owns 87,088 shares of the company’s stock valued at $1,468,000 after purchasing an additional 55,171 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA:FPE opened at $17.32 on Thursday. The firm has a fifty day simple moving average of $17.15 and a two-hundred day simple moving average of $16.55. First Trust Preferred Securities and Income ETF has a 52 week low of $15.36 and a 52 week high of $17.45.

First Trust Preferred Securities and Income ETF Company 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.