Summit Wealth Partners LLC Lowers Stock Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Summit Wealth Partners LLC decreased its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 13.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 61,147 shares of the company’s stock after selling 9,561 shares during the period. Summit Wealth Partners LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,082,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Ameliora Wealth Management Ltd. lifted its stake in shares of First Trust Preferred Securities and Income ETF by 93.1% during the 3rd quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock valued at $26,000 after buying an additional 690 shares in the last quarter. Raleigh Capital Management Inc. lifted its stake in First Trust Preferred Securities and Income ETF by 96.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock worth $30,000 after purchasing an additional 826 shares in the last quarter. ORG Partners LLC lifted its stake in First Trust Preferred Securities and Income ETF by 1,655.6% in the 4th quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock worth $47,000 after purchasing an additional 2,500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in First Trust Preferred Securities and Income ETF by 435.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock worth $68,000 after purchasing an additional 3,130 shares in the last quarter. Finally, FSC Wealth Advisors LLC lifted its stake in First Trust Preferred Securities and Income ETF by 75.9% in the 3rd quarter. FSC Wealth Advisors LLC now owns 3,820 shares of the company’s stock worth $69,000 after purchasing an additional 1,648 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.4 %

Shares of FPE stock opened at $17.83 on Thursday. The company’s fifty day simple moving average is $17.78 and its two-hundred day simple moving average is $17.85. First Trust Preferred Securities and Income ETF has a 52 week low of $16.95 and a 52 week 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.