Flagstar Advisors Inc. decreased its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) by 34.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 329,500 shares of the company’s stock after selling 174,072 shares during the quarter. First Trust Preferred Securities and Income ETF makes up 1.8% of Flagstar Advisors Inc.’s holdings, making the stock its 11th biggest position. Flagstar Advisors Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $5,555,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its position in First Trust Preferred Securities and Income ETF by 264.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,656 shares of the company’s stock worth $26,000 after buying an additional 1,201 shares during the period. Tyler Stone Wealth Management bought a new position in First Trust Preferred Securities and Income ETF during the 2nd quarter worth $30,000. Fortis Capital Advisors LLC bought a new position in First Trust Preferred Securities and Income ETF during the 4th quarter worth $35,000. Sunbelt Securities Inc. bought a new position in First Trust Preferred Securities and Income ETF during the 1st quarter worth $46,000. Finally, Lumature Wealth Partners LLC bought a new position in First Trust Preferred Securities and Income ETF during the 1st quarter worth $190,000.
First Trust Preferred Securities and Income ETF Price Performance
FPE stock remained flat at $17.32 during trading hours on Friday. The company’s stock had a trading volume of 2,292,736 shares, compared to its average volume of 1,373,448. The firm has a 50 day moving average price of $17.16 and a 200-day moving average price of $16.57. First Trust Preferred Securities and Income ETF has a 1 year low of $15.45 and a 1 year 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.
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