N.E.W. Advisory Services LLC Has $176,000 Stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

N.E.W. Advisory Services LLC reduced its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 25.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,425 shares of the company’s stock after selling 3,610 shares during the period. N.E.W. Advisory Services LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $176,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. First Horizon Advisors Inc. raised its position in First Trust Preferred Securities and Income ETF by 264.0% in the third quarter. First Horizon Advisors Inc. now owns 1,656 shares of the company’s stock valued at $26,000 after purchasing an additional 1,201 shares during the last quarter. Cozad Asset Management Inc. bought a new stake in shares of First Trust Preferred Securities and Income ETF in the 3rd quarter valued at $160,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of First Trust Preferred Securities and Income ETF in the 3rd quarter valued at $190,000. Diversified LLC acquired a new position in shares of First Trust Preferred Securities and Income ETF during the 4th quarter valued at $198,000. Finally, Carmichael Hill & Associates Inc. boosted its stake in First Trust Preferred Securities and Income ETF by 10.9% during the fourth quarter. Carmichael Hill & Associates Inc. now owns 12,388 shares of the company’s stock worth $209,000 after acquiring an additional 1,218 shares in the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.1 %

NYSEARCA:FPE traded up $0.02 during trading hours on Tuesday, reaching $17.32. The company had a trading volume of 1,011,142 shares, compared to its average volume of 1,383,607. The business’s 50-day simple moving average is $17.21 and its two-hundred day simple moving average is $16.81. First Trust Preferred Securities and Income ETF has a twelve month low of $15.46 and a twelve month high of $17.45.

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.