Hudson Capital Management LLC Lowers Holdings in First Trust Preferred Securities and Income ETF $FPE

Hudson Capital Management LLC trimmed its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 8.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,342 shares of the company’s stock after selling 1,334 shares during the period. Hudson Capital Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $255,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FPE. Farther Finance Advisors LLC grew its position in First Trust Preferred Securities and Income ETF by 34.3% in the 1st quarter. Farther Finance Advisors LLC now owns 11,603 shares of the company’s stock valued at $204,000 after buying an additional 2,964 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 1.2% in the first quarter. Dynamic Advisor Solutions LLC now owns 86,999 shares of the company’s stock valued at $1,530,000 after acquiring an additional 1,016 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new stake in First Trust Preferred Securities and Income ETF in the first quarter valued at $947,000. RiverTree Advisors LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 8.2% in the first quarter. RiverTree Advisors LLC now owns 55,980 shares of the company’s stock valued at $985,000 after acquiring an additional 4,242 shares during the period. Finally, Cornerstone Wealth Management LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 4.4% in the first quarter. Cornerstone Wealth Management LLC now owns 37,084 shares of the company’s stock valued at $652,000 after acquiring an additional 1,564 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

First Trust Preferred Securities and Income ETF stock opened at $18.22 on Tuesday. First Trust Preferred Securities and Income ETF has a one year low of $16.77 and a one year high of $18.42. The business has a fifty day moving average of $18.18 and a two-hundred day moving average of $17.78.

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.