First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Stake Decreased by Trinity Legacy Partners LLC

Trinity Legacy Partners LLC lessened its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 518,706 shares of the company’s stock after selling 6,940 shares during the quarter. First Trust Preferred Securities and Income ETF makes up about 2.4% of Trinity Legacy Partners LLC’s investment portfolio, making the stock its 10th largest holding. Trinity Legacy Partners LLC owned about 0.17% of First Trust Preferred Securities and Income ETF worth $9,181,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Raleigh Capital Management Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 96.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock valued at $30,000 after purchasing an additional 826 shares during the last quarter. ORG Partners LLC increased its position in First Trust Preferred Securities and Income ETF by 1,655.6% during the 4th quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock valued at $47,000 after buying an additional 2,500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in First Trust Preferred Securities and Income ETF by 435.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock valued at $68,000 after buying an additional 3,130 shares during the last quarter. Venture Visionary Partners LLC bought a new stake in First Trust Preferred Securities and Income ETF in the third quarter worth $183,000. Finally, Farther Finance Advisors LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 5.8% in the third quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock worth $184,000 after acquiring an additional 559 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA:FPE opened at $17.84 on Friday. The business has a fifty day moving average price of $17.75 and a 200-day moving average price of $17.87. First Trust Preferred Securities and Income ETF has a 1-year low of $16.95 and a 1-year high of $18.23.

About First Trust Preferred Securities and Income ETF

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.