Measured Wealth Private Client Group LLC Trims Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Measured Wealth Private Client Group LLC lowered its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,974 shares of the company’s stock after selling 2,904 shares during the period. Measured Wealth Private Client Group LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $994,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of FPE. HighTower Advisors LLC purchased a new position in First Trust Preferred Securities and Income ETF during the third quarter valued at approximately $41,204,000. International Assets Investment Management LLC grew its stake in First Trust Preferred Securities and Income ETF by 1,480.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,799,288 shares of the company’s stock worth $30,336,000 after buying an additional 1,685,412 shares in the last quarter. Stonebridge Advisors LLC grew its stake in First Trust Preferred Securities and Income ETF by 241.2% in the 4th quarter. Stonebridge Advisors LLC now owns 1,972,113 shares of the company’s stock worth $33,250,000 after buying an additional 1,394,132 shares in the last quarter. Price Capital Management Inc. purchased a new position in First Trust Preferred Securities and Income ETF in the 4th quarter worth approximately $20,313,000. Finally, Stratos Wealth Partners LTD. purchased a new position in First Trust Preferred Securities and Income ETF in the 4th quarter worth approximately $13,331,000.

First Trust Preferred Securities and Income ETF Price Performance

FPE stock traded up $0.11 during midday trading on Friday, reaching $17.26. The company had a trading volume of 910,752 shares, compared to its average volume of 1,392,118. First Trust Preferred Securities and Income ETF has a 1 year low of $15.45 and a 1 year high of $17.45. The firm has a 50-day moving average price of $17.21 and a 200-day moving average price of $16.78.

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.