Accel Wealth Management Sells 2,766 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Accel Wealth Management trimmed its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 5.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,872 shares of the company’s stock after selling 2,766 shares during the quarter. Accel Wealth Management’s holdings in First Trust Preferred Securities and Income ETF were worth $936,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of FPE. Creative Planning increased its stake in shares of First Trust Preferred Securities and Income ETF by 32.8% during the 3rd quarter. Creative Planning now owns 14,869 shares of the company’s stock worth $269,000 after purchasing an additional 3,669 shares during the last quarter. Farther Finance Advisors LLC increased its position in First Trust Preferred Securities and Income ETF by 5.8% in the third quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock worth $184,000 after buying an additional 559 shares during the last quarter. Acorn Wealth Advisors LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF in the third quarter valued at $318,000. JPMorgan Chase & Co. raised its stake in shares of First Trust Preferred Securities and Income ETF by 29.4% in the third quarter. JPMorgan Chase & Co. now owns 989,613 shares of the company’s stock valued at $17,912,000 after buying an additional 224,647 shares during the period. Finally, Elevation Capital Advisory LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter valued at $5,750,000.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE opened at $17.72 on Friday. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.95 and a fifty-two week high of $18.23. The business has a 50-day moving average of $17.80 and a 200 day moving average of $17.84.

About First Trust Preferred Securities and Income ETF

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.