Concentrum Wealth Management Has $637,000 Stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Concentrum Wealth Management reduced its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 34.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,965 shares of the company’s stock after selling 18,767 shares during the quarter. Concentrum Wealth Management’s holdings in First Trust Preferred Securities and Income ETF were worth $637,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Raleigh Capital Management Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 96.6% in the 4th quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock worth $30,000 after acquiring an additional 826 shares in the last quarter. Promus Capital LLC purchased a new position in First Trust Preferred Securities and Income ETF during the 4th quarter valued at about $35,000. ORG Partners LLC increased its holdings in shares of First Trust Preferred Securities and Income ETF by 1,655.6% in the fourth quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock worth $47,000 after purchasing an additional 2,500 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of First Trust Preferred Securities and Income ETF by 435.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock valued at $68,000 after acquiring an additional 3,130 shares during the last quarter. Finally, National Bank of Canada FI increased its holdings in shares of First Trust Preferred Securities and Income ETF by 55.8% in the 4th quarter. National Bank of Canada FI now owns 4,186 shares of the company’s stock worth $74,000 after buying an additional 1,500 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

FPE opened at $17.22 on Monday. The stock’s 50 day simple moving average is $17.74 and its 200 day simple moving average is $17.86. First Trust Preferred Securities and Income ETF has a 1 year low of $16.95 and a 1 year 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.