ORBA Wealth Advisors L.L.C. Sells 9,906 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

ORBA Wealth Advisors L.L.C. cut its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 400,672 shares of the company’s stock after selling 9,906 shares during the period. First Trust Preferred Securities and Income ETF comprises approximately 3.7% of ORBA Wealth Advisors L.L.C.’s investment portfolio, making the stock its 5th biggest position. ORBA Wealth Advisors L.L.C. owned approximately 0.13% of First Trust Preferred Securities and Income ETF worth $7,092,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp bought a new position in First Trust Preferred Securities and Income ETF in the 4th quarter valued at approximately $527,000. Prasad Wealth Partners LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF in the fourth quarter worth $7,360,000. IFP Advisors Inc grew its position in shares of First Trust Preferred Securities and Income ETF by 16.0% in the 4th quarter. IFP Advisors Inc now owns 164,450 shares of the company’s stock valued at $2,911,000 after buying an additional 22,648 shares during the last quarter. Partners Wealth Management LLC bought a new position in shares of First Trust Preferred Securities and Income ETF during the fourth quarter worth about $200,000. Finally, Sigma Planning Corp increased its position in First Trust Preferred Securities and Income ETF by 4.4% during the 4th quarter. Sigma Planning Corp now owns 376,037 shares of the company’s stock valued at $6,656,000 after purchasing an additional 15,851 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA FPE opened at $17.82 on Wednesday. The firm has a fifty day simple moving average of $17.75 and a 200 day simple moving average of $17.89. First Trust Preferred Securities and Income ETF has a twelve month low of $16.95 and a twelve month 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.