First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Bought by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC raised its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 210.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 84,725 shares of the company’s stock after acquiring an additional 57,420 shares during the period. Summit Financial Wealth Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,502,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Raleigh Capital Management Inc. increased its holdings in First Trust Preferred Securities and Income ETF by 96.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock valued at $30,000 after buying an additional 826 shares during the last quarter. Promus Capital LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF in the 4th quarter valued at approximately $35,000. ORG Partners LLC raised its position in shares of First Trust Preferred Securities and Income ETF by 1,655.6% during the 4th quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock valued at $47,000 after acquiring an additional 2,500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in First Trust Preferred Securities and Income ETF by 435.3% in the fourth 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 during the period. Finally, National Bank of Canada FI increased its stake in First Trust Preferred Securities and Income ETF by 55.8% during the fourth quarter. National Bank of Canada FI now owns 4,186 shares of the company’s stock valued at $74,000 after purchasing an additional 1,500 shares during the last quarter.

First Trust Preferred Securities and Income ETF Trading Down 0.5 %

Shares of First Trust Preferred Securities and Income ETF stock traded down $0.09 during trading hours on Thursday, reaching $17.19. The company’s stock had a trading volume of 446,310 shares, compared to its average volume of 1,283,736. First Trust Preferred Securities and Income ETF has a one year low of $16.77 and a one year high of $18.23. The company’s 50 day simple moving average is $17.67 and its 200 day simple moving average is $17.82.

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.