First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Sold by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. reduced its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,443 shares of the company’s stock after selling 705 shares during the quarter. Stockman Wealth Management Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $587,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. NBC Securities Inc. raised its position in shares of First Trust Preferred Securities and Income ETF by 5.4% during the 2nd quarter. NBC Securities Inc. now owns 82,505 shares of the company’s stock valued at $1,432,000 after acquiring an additional 4,256 shares in the last quarter. SteelPeak Wealth LLC raised its position in shares of First Trust Preferred Securities and Income ETF by 108.4% during the 2nd quarter. SteelPeak Wealth LLC now owns 56,838 shares of the company’s stock valued at $987,000 after acquiring an additional 29,559 shares in the last quarter. Brookstone Capital Management raised its position in shares of First Trust Preferred Securities and Income ETF by 9.2% during the 2nd quarter. Brookstone Capital Management now owns 113,522 shares of the company’s stock valued at $2,001,000 after acquiring an additional 9,523 shares in the last quarter. Elevation Capital Advisory LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter valued at approximately $5,750,000. Finally, Toth Financial Advisory Corp increased its position in First Trust Preferred Securities and Income ETF by 1.8% in the third quarter. Toth Financial Advisory Corp now owns 162,003 shares of the company’s stock worth $2,932,000 after buying an additional 2,874 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA FPE traded up $0.09 during trading hours on Friday, hitting $18.10. The company had a trading volume of 1,982,910 shares, compared to its average volume of 1,235,150. First Trust Preferred Securities and Income ETF has a fifty-two week low of $15.92 and a fifty-two week high of $18.23. The business has a fifty day simple moving average of $18.04 and a 200-day simple moving average of $17.65.

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.