First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Stock Holdings Lessened by Traction Financial Partners LLC

Traction Financial Partners LLC reduced its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 6.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 259,546 shares of the company’s stock after selling 18,895 shares during the period. First Trust Preferred Securities and Income ETF accounts for approximately 3.7% of Traction Financial Partners LLC’s portfolio, making the stock its 9th largest position. Traction Financial Partners LLC owned 0.08% of First Trust Preferred Securities and Income ETF worth $4,698,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Opal Wealth Advisors LLC bought a new position in First Trust Preferred Securities and Income ETF in the second quarter worth $26,000. Ameliora Wealth Management Ltd. grew its holdings in First Trust Preferred Securities and Income ETF by 93.1% in the third quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock worth $26,000 after purchasing an additional 690 shares during the period. FSC Wealth Advisors LLC increased its stake in shares of First Trust Preferred Securities and Income ETF by 85.3% during the second quarter. FSC Wealth Advisors LLC now owns 2,172 shares of the company’s stock valued at $38,000 after purchasing an additional 1,000 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 117.1% during the second quarter. Larson Financial Group LLC now owns 2,672 shares of the company’s stock valued at $46,000 after purchasing an additional 1,441 shares during the last quarter. Finally, Mattson Financial Services LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF in the 2nd quarter worth approximately $46,000.

First Trust Preferred Securities and Income ETF Trading Down 0.2 %

First Trust Preferred Securities and Income ETF stock traded down $0.04 during mid-day trading on Thursday, hitting $17.97. The company had a trading volume of 243,233 shares, compared to its average volume of 1,230,946. First Trust Preferred Securities and Income ETF has a 12 month low of $16.09 and a 12 month high of $18.23. The stock’s 50 day moving average price is $18.06 and its two-hundred day moving average price is $17.67.

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.