Certified Advisory Corp Reduces Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Certified Advisory Corp decreased its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 7.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,111 shares of the company’s stock after selling 948 shares during the quarter. Certified Advisory Corp’s holdings in First Trust Preferred Securities and Income ETF were worth $214,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Meridian Financial Partners LLC purchased a new stake in First Trust Preferred Securities and Income ETF during the fourth quarter worth $742,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of First Trust Preferred Securities and Income ETF by 435.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock worth $68,000 after buying an additional 3,130 shares in the last quarter. Park Avenue Securities LLC grew its stake in First Trust Preferred Securities and Income ETF by 56.5% in the 4th quarter. Park Avenue Securities LLC now owns 252,236 shares of the company’s stock valued at $4,465,000 after acquiring an additional 91,107 shares during the last quarter. SeaCrest Wealth Management LLC raised its position in First Trust Preferred Securities and Income ETF by 33.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 25,863 shares of the company’s stock worth $458,000 after acquiring an additional 6,554 shares during the last quarter. Finally, Quad Cities Investment Group LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 0.8% in the fourth quarter. Quad Cities Investment Group LLC now owns 434,388 shares of the company’s stock valued at $7,689,000 after purchasing an additional 3,659 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.1 %

FPE stock opened at $17.76 on Friday. First Trust Preferred Securities and Income ETF has a 12 month low of $16.82 and a 12 month high of $18.23. The company’s 50 day simple moving average is $17.82 and its 200-day simple moving average is $17.83.

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.