Archer Investment Corp Has $6.14 Million Stock Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Archer Investment Corp cut its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 10.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 364,012 shares of the company’s stock after selling 40,690 shares during the quarter. First Trust Preferred Securities and Income ETF makes up approximately 2.0% of Archer Investment Corp’s holdings, making the stock its 9th biggest position. Archer Investment Corp’s holdings in First Trust Preferred Securities and Income ETF were worth $6,137,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. First Horizon Advisors Inc. boosted its stake in First Trust Preferred Securities and Income ETF by 264.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,656 shares of the company’s stock worth $26,000 after purchasing an additional 1,201 shares during the period. Tyler Stone Wealth Management bought a new position in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter valued at approximately $30,000. Fortis Capital Advisors LLC bought a new position in shares of First Trust Preferred Securities and Income ETF during the 4th quarter valued at approximately $35,000. Sunbelt Securities Inc. bought a new position in shares of First Trust Preferred Securities and Income ETF during the 1st quarter valued at approximately $46,000. Finally, Cozad Asset Management Inc. bought a new position in shares of First Trust Preferred Securities and Income ETF during the 3rd quarter valued at approximately $160,000.

First Trust Preferred Securities and Income ETF Stock Up 0.5 %

Shares of NYSEARCA FPE traded up $0.08 during midday trading on Wednesday, reaching $17.04. 671,388 shares of the stock traded hands, compared to its average volume of 1,447,699. First Trust Preferred Securities and Income ETF has a one year low of $15.45 and a one year high of $17.45. The company’s 50 day moving average is $17.21 and its 200 day moving average is $16.67.

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.