Naviter Wealth LLC Lowers Stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Naviter Wealth LLC reduced its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 234,841 shares of the company’s stock after selling 15,940 shares during the period. Naviter Wealth LLC owned 0.08% of First Trust Preferred Securities and Income ETF worth $4,157,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Farther Finance Advisors LLC raised its holdings in 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 buying an additional 559 shares during the last quarter. Independent Wealth Network Inc. raised its holdings in First Trust Preferred Securities and Income ETF by 0.5% in the fourth quarter. Independent Wealth Network Inc. now owns 108,525 shares of the company’s stock worth $1,921,000 after buying an additional 567 shares during the last quarter. Raleigh Capital Management Inc. raised its holdings in First Trust Preferred Securities and Income ETF by 96.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock worth $30,000 after buying an additional 826 shares during the last quarter. Orion Portfolio Solutions LLC raised its holdings in First Trust Preferred Securities and Income ETF by 5.3% in the third quarter. Orion Portfolio Solutions LLC now owns 16,470 shares of the company’s stock worth $298,000 after buying an additional 829 shares during the last quarter. Finally, US Bancorp DE raised its holdings in First Trust Preferred Securities and Income ETF by 0.6% in the fourth quarter. US Bancorp DE now owns 153,440 shares of the company’s stock worth $2,717,000 after buying an additional 859 shares during the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.1 %

Shares of FPE stock opened at $17.75 on Friday. The company has a 50 day moving average price of $17.76 and a 200-day moving average price of $17.89. First Trust Preferred Securities and Income ETF has a 52 week low of $16.95 and a 52 week high of $18.23.

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.