First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Sold by Altus Wealth Group LLC

Altus Wealth Group LLC reduced its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 7.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,699 shares of the company’s stock after selling 4,702 shares during the quarter. Altus Wealth Group LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,008,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. LPL Financial LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 3.5% in the 2nd quarter. LPL Financial LLC now owns 10,841,607 shares of the company’s stock valued at $188,210,000 after buying an additional 362,026 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in First Trust Preferred Securities and Income ETF by 2.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 5,552,458 shares of the company’s stock worth $96,391,000 after purchasing an additional 157,982 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in First Trust Preferred Securities and Income ETF by 4.9% during the first quarter. Kestra Advisory Services LLC now owns 2,134,429 shares of the company’s stock worth $36,968,000 after purchasing an additional 100,431 shares during the last quarter. Osaic Holdings Inc. raised its holdings in First Trust Preferred Securities and Income ETF by 5.7% during the first quarter. Osaic Holdings Inc. now owns 1,948,087 shares of the company’s stock worth $33,742,000 after purchasing an additional 105,532 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in First Trust Preferred Securities and Income ETF by 22.0% during the first quarter. Janney Montgomery Scott LLC now owns 1,791,800 shares of the company’s stock worth $31,034,000 after purchasing an additional 323,436 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

FPE stock traded down $0.06 during midday trading on Wednesday, hitting $18.01. 232,450 shares of the stock were exchanged, compared to its average volume of 1,228,039. The stock’s 50-day moving average price is $17.99 and its 200-day moving average price is $17.57. First Trust Preferred Securities and Income ETF has a fifty-two week low of $15.46 and a fifty-two week high of $18.23.

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.