Mendota Financial Group LLC Reduces Stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Mendota Financial Group LLC lowered its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 30.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,301 shares of the company’s stock after selling 3,180 shares during the quarter. Mendota Financial Group LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $129,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FPE. Ameliora Wealth Management Ltd. grew its holdings in shares of First Trust Preferred Securities and Income ETF by 93.1% during the 3rd 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. Mattson Financial Services LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the second quarter valued at about $46,000. ORG Partners LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 1,655.6% in 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 during the period. FSC Wealth Advisors LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 75.9% in the 3rd quarter. FSC Wealth Advisors LLC now owns 3,820 shares of the company’s stock worth $69,000 after acquiring an additional 1,648 shares during the last quarter. Finally, Matrix Trust Co purchased a new position in shares of First Trust Preferred Securities and Income ETF during the 3rd quarter worth approximately $173,000.

First Trust Preferred Securities and Income ETF Stock Down 0.3 %

NYSEARCA FPE opened at $17.53 on Tuesday. First Trust Preferred Securities and Income ETF has a 1-year low of $16.82 and a 1-year high of $18.23. The stock has a 50-day moving average of $17.85 and a two-hundred day moving average of $17.83.

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.