Choice Wealth Advisors LLC Has $5 Million Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Choice Wealth Advisors LLC lessened its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 0.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 288,588 shares of the company’s stock after selling 628 shares during the period. First Trust Preferred Securities and Income ETF accounts for about 3.0% of Choice Wealth Advisors LLC’s portfolio, making the stock its 13th biggest holding. Choice Wealth Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $4,998,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Indiana Trust & Investment Management CO bought a new stake in shares of First Trust Preferred Securities and Income ETF in the 1st quarter valued at about $44,000. Creekmur Asset Management LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF during the 4th quarter valued at about $116,000. Hilltop Holdings Inc. boosted its position in shares of First Trust Preferred Securities and Income ETF by 9.0% during the 4th quarter. Hilltop Holdings Inc. now owns 10,896 shares of the company’s stock valued at $184,000 after purchasing an additional 896 shares in the last quarter. Centaurus Financial Inc. boosted its position in shares of First Trust Preferred Securities and Income ETF by 8.4% during the 4th quarter. Centaurus Financial Inc. now owns 10,936 shares of the company’s stock valued at $184,000 after purchasing an additional 848 shares in the last quarter. Finally, Diversified LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF during the 4th quarter valued at about $198,000.

First Trust Preferred Securities and Income ETF Price Performance

Shares of First Trust Preferred Securities and Income ETF stock remained flat at $17.36 on Monday. The company had a trading volume of 1,296,412 shares, compared to its average volume of 1,320,850. First Trust Preferred Securities and Income ETF has a 52 week low of $15.46 and a 52 week high of $17.45. The firm’s 50 day moving average price is $17.27 and its two-hundred day moving average price is $17.15.

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.