Summit Financial LLC Sells 28,031 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Summit Financial LLC reduced its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 24.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,080 shares of the company’s stock after selling 28,031 shares during the quarter. Summit Financial LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,451,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of FPE. Raymond James Financial Services Advisors Inc. lifted its position in First Trust Preferred Securities and Income ETF by 0.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 5,328,057 shares of the company’s stock valued at $85,089,000 after purchasing an additional 38,562 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in First Trust Preferred Securities and Income ETF by 4.3% during the third quarter. J.W. Cole Advisors Inc. now owns 77,612 shares of the company’s stock valued at $1,239,000 after purchasing an additional 3,228 shares during the last quarter. Kure Advisory LLC bought a new stake in First Trust Preferred Securities and Income ETF during the third quarter valued at approximately $1,767,000. Chicago Partners Investment Group LLC lifted its position in First Trust Preferred Securities and Income ETF by 6.7% during the third quarter. Chicago Partners Investment Group LLC now owns 308,459 shares of the company’s stock valued at $4,803,000 after purchasing an additional 19,381 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its position in First Trust Preferred Securities and Income ETF by 5.8% during the third quarter. Park Avenue Securities LLC now owns 155,243 shares of the company’s stock valued at $2,479,000 after purchasing an additional 8,570 shares during the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.4 %

First Trust Preferred Securities and Income ETF stock traded up $0.06 during mid-day trading on Thursday, hitting $17.12. 138,376 shares of the company traded hands, compared to its average volume of 1,383,735. First Trust Preferred Securities and Income ETF has a one year low of $15.45 and a one year high of $17.45. The stock has a fifty day moving average price of $17.21 and a 200-day moving average price of $16.77.

About First Trust Preferred Securities and Income ETF

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.