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

Daymark Wealth Partners LLC lessened its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 22.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,865 shares of the company’s stock after selling 4,811 shares during the period. Daymark Wealth Partners LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $299,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Creative Planning raised its stake in shares of First Trust Preferred Securities and Income ETF by 32.8% during the third quarter. Creative Planning now owns 14,869 shares of the company’s stock valued at $269,000 after purchasing an additional 3,669 shares during the period. Farther Finance Advisors LLC increased its stake in First Trust Preferred Securities and Income ETF by 5.8% during the 3rd 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 period. Acorn Wealth Advisors LLC acquired a new position in First Trust Preferred Securities and Income ETF in the 3rd quarter worth $318,000. JPMorgan Chase & Co. boosted its position in First Trust Preferred Securities and Income ETF by 29.4% in the 3rd 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 last quarter. Finally, Elevation Capital Advisory LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the second quarter valued at about $5,750,000.

First Trust Preferred Securities and Income ETF Trading Down 0.1 %

NYSEARCA:FPE opened at $17.72 on Friday. First Trust Preferred Securities and Income ETF has a one year low of $16.95 and a one year high of $18.23. The business’s 50-day simple moving average is $17.80 and its 200 day simple moving average is $17.84.

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.