LVZ Inc. Has $478,000 Stock Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

LVZ Inc. decreased its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 6.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,521 shares of the company’s stock after selling 1,799 shares during the quarter. LVZ Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $478,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Opal Wealth Advisors LLC bought a new stake in First Trust Preferred Securities and Income ETF during the second quarter worth approximately $26,000. Bogart Wealth LLC acquired a new position in First Trust Preferred Securities and Income ETF in the 1st quarter valued at $36,000. FSC Wealth Advisors LLC raised its holdings in First Trust Preferred Securities and Income ETF by 85.3% in the 2nd quarter. FSC Wealth Advisors LLC now owns 2,172 shares of the company’s stock worth $38,000 after acquiring an additional 1,000 shares during the period. Indiana Trust & Investment Management CO acquired a new position in First Trust Preferred Securities and Income ETF during the 1st quarter worth $44,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in First Trust Preferred Securities and Income ETF during the second quarter valued at about $49,000.

First Trust Preferred Securities and Income ETF Trading Up 0.3 %

Shares of First Trust Preferred Securities and Income ETF stock traded up $0.05 during trading on Friday, reaching $17.77. The company’s stock had a trading volume of 788,139 shares, compared to its average volume of 1,243,357. First Trust Preferred Securities and Income ETF has a one year low of $15.46 and a one year high of $17.79. The business’s fifty day moving average price is $17.52 and its 200-day moving average price is $17.32.

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.