Diversified Enterprises LLC Trims Stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Diversified Enterprises LLC lowered its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 12.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,993 shares of the company’s stock after selling 2,250 shares during the quarter. Diversified Enterprises LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $283,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Raleigh Capital Management Inc. grew its stake in shares of 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 buying an additional 826 shares in the last quarter. Promus Capital LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at $35,000. ORG Partners LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 1,655.6% in the fourth quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock valued at $47,000 after buying an additional 2,500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 435.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock valued at $68,000 after buying an additional 3,130 shares in the last quarter. Finally, Ehrlich Financial Group acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the fourth quarter valued at $181,000.

First Trust Preferred Securities and Income ETF Stock Up 0.3 %

Shares of NYSEARCA FPE opened at $17.66 on Friday. First Trust Preferred Securities and Income ETF has a twelve month low of $16.95 and a twelve month high of $18.23. The stock has a fifty day simple moving average of $17.76 and a 200-day simple moving average of $17.89.

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.