LVZ Inc. Lowers Stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

LVZ Inc. reduced its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPEFree Report) by 29.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,202 shares of the company’s stock after selling 16,271 shares during the quarter. LVZ Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $644,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 13.0% during the third quarter. Dynamic Advisor Solutions LLC now owns 23,840 shares of the company’s stock valued at $381,000 after purchasing an additional 2,745 shares during the period. Kingsview Wealth Management LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 1.5% during the third quarter. Kingsview Wealth Management LLC now owns 263,015 shares of the company’s stock valued at $4,200,000 after purchasing an additional 4,006 shares during the period. Summit Financial Wealth Advisors LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 42.3% during the fourth quarter. Summit Financial Wealth Advisors LLC now owns 27,781 shares of the company’s stock valued at $468,000 after purchasing an additional 8,259 shares during the period. Wagner Wealth Management LLC lifted its stake in First Trust Preferred Securities and Income ETF by 4.9% in the fourth quarter. Wagner Wealth Management LLC now owns 20,866 shares of the company’s stock worth $352,000 after acquiring an additional 972 shares during the period. Finally, Brookstone Capital Management lifted its stake in First Trust Preferred Securities and Income ETF by 172.9% in the fourth quarter. Brookstone Capital Management now owns 87,088 shares of the company’s stock worth $1,468,000 after acquiring an additional 55,171 shares during the period.

First Trust Preferred Securities and Income ETF Stock Down 0.2 %

NYSEARCA:FPE traded down $0.04 during mid-day trading on Wednesday, reaching $17.30. The company’s stock had a trading volume of 355,662 shares, compared to its average volume of 1,457,349. First Trust Preferred Securities and Income ETF has a 1 year low of $15.45 and a 1 year high of $17.45. The stock has a fifty day moving average of $17.18 and a 200-day moving average of $16.59.

First Trust Preferred Securities and Income ETF Profile

(Free Report)

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.

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Institutional Ownership by Quarter for First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

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