Valmark Advisers Inc. Cuts Stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Valmark Advisers Inc. lowered its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 261,361 shares of the company’s stock after selling 5,173 shares during the period. Valmark Advisers Inc. owned about 0.09% of First Trust Preferred Securities and Income ETF worth $4,626,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in shares of First Trust Preferred Securities and Income ETF by 5.8% during the third quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock valued at $184,000 after buying an additional 559 shares during the period. Independent Wealth Network Inc. grew its stake in 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 valued at $1,921,000 after purchasing an additional 567 shares during the last quarter. Aspen Wealth Strategies LLC grew its stake in First Trust Preferred Securities and Income ETF by 1.2% in the third quarter. Aspen Wealth Strategies LLC now owns 50,959 shares of the company’s stock valued at $922,000 after purchasing an additional 593 shares during the last quarter. Raleigh Capital Management Inc. grew its stake in First Trust Preferred Securities and Income ETF by 96.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock valued at $30,000 after purchasing an additional 826 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its stake in First Trust Preferred Securities and Income ETF by 5.3% in the third quarter. Orion Portfolio Solutions LLC now owns 16,470 shares of the company’s stock valued at $298,000 after purchasing an additional 829 shares during the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.1 %

FPE opened at $17.85 on Friday. The business’s 50-day moving average is $17.76 and its two-hundred day moving average is $17.87. First Trust Preferred Securities and Income ETF has a 1 year low of $16.95 and a 1 year high of $18.23.

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.