Tcfg Wealth Management LLC Sells 789 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Tcfg Wealth Management LLC reduced its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,668 shares of the company’s stock after selling 789 shares during the quarter. Tcfg Wealth Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $543,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Strategic Financial Concepts LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 740.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 95,124 shares of the company’s stock worth $1,684,000 after buying an additional 83,800 shares during the last quarter. Principal Securities Inc. lifted its position in shares of First Trust Preferred Securities and Income ETF by 38.7% during the 4th quarter. Principal Securities Inc. now owns 110,639 shares of the company’s stock worth $1,958,000 after buying an additional 30,877 shares during the last quarter. Puff Wealth Management LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF during the 4th quarter worth $1,077,000. Newman Dignan & Sheerar Inc. lifted its position in shares of First Trust Preferred Securities and Income ETF by 2.9% during the 4th quarter. Newman Dignan & Sheerar Inc. now owns 336,698 shares of the company’s stock worth $5,960,000 after buying an additional 9,600 shares during the last quarter. Finally, Hickory Asset Management Inc. bought a new stake in shares of First Trust Preferred Securities and Income ETF during the 4th quarter worth $2,541,000.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE stock opened at $17.85 on Friday. First Trust Preferred Securities and Income ETF has a twelve month low of $16.95 and a twelve month high of $18.23. The business has a fifty day simple moving average of $17.76 and a 200 day simple moving average of $17.87.

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.