Lodestar Private Asset Management LLC Has $312,000 Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Lodestar Private Asset Management LLC lowered its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 6.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,631 shares of the company’s stock after selling 1,223 shares during the period. Lodestar Private Asset Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $312,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FPE. Atomi Financial Group Inc. bought a new stake in First Trust Preferred Securities and Income ETF in the fourth quarter valued at approximately $232,000. Perigon Wealth Management LLC acquired a new position in shares of First Trust Preferred Securities and Income ETF during the 4th quarter worth approximately $219,000. Creative Planning raised its stake in First Trust Preferred Securities and Income ETF by 32.8% in the 3rd quarter. Creative Planning now owns 14,869 shares of the company’s stock valued at $269,000 after acquiring an additional 3,669 shares during the period. Farther Finance Advisors LLC raised its stake in First Trust Preferred Securities and Income ETF by 5.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock valued at $184,000 after acquiring an additional 559 shares during the period. Finally, Acorn Wealth Advisors LLC acquired a new stake in First Trust Preferred Securities and Income ETF during the 3rd quarter valued at $318,000.

First Trust Preferred Securities and Income ETF Trading Down 0.1 %

NYSEARCA:FPE opened at $17.80 on Friday. The firm’s fifty day moving average price is $17.78 and its two-hundred day moving average price is $17.85. First Trust Preferred Securities and Income ETF has a one year low of $16.95 and a one year high of $18.23.

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.