DHJJ Financial Advisors Ltd. Cuts Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

DHJJ Financial Advisors Ltd. lowered its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 31.3% during the third quarter, Holdings Channel reports. The institutional investor owned 3,998 shares of the company’s stock after selling 1,822 shares during the period. DHJJ Financial Advisors Ltd.’s holdings in First Trust Preferred Securities and Income ETF were worth $72,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FPE. Global Assets Advisory LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF in the first quarter valued at $302,000. Kingswood Wealth Advisors LLC raised its position in First Trust Preferred Securities and Income ETF by 16.4% during the first quarter. Kingswood Wealth Advisors LLC now owns 17,849 shares of the company’s stock worth $309,000 after acquiring an additional 2,519 shares during the last quarter. Brookstone Capital Management raised its position in First Trust Preferred Securities and Income ETF by 19.4% during the first quarter. Brookstone Capital Management now owns 103,999 shares of the company’s stock worth $1,801,000 after acquiring an additional 16,911 shares during the last quarter. Transform Wealth LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 9.4% in the first quarter. Transform Wealth LLC now owns 665,132 shares of the company’s stock valued at $11,520,000 after purchasing an additional 57,131 shares in the last quarter. Finally, Howard Financial Services LTD. grew its position in shares of First Trust Preferred Securities and Income ETF by 26.0% in the first quarter. Howard Financial Services LTD. now owns 247,965 shares of the company’s stock valued at $4,295,000 after purchasing an additional 51,091 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.97 on Thursday. The business has a 50 day moving average price of $18.00 and a 200 day moving average price of $17.58. First Trust Preferred Securities and Income ETF has a 1 year low of $15.46 and a 1 year high of $18.23.

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.