Beacon Financial Group Has $1.85 Million Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Beacon Financial Group trimmed its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 11.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,617 shares of the company’s stock after selling 13,737 shares during the period. Beacon Financial Group’s holdings in First Trust Preferred Securities and Income ETF were worth $1,852,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Raleigh Capital Management Inc. raised its holdings in 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 valued at $30,000 after acquiring an additional 826 shares in the last quarter. ORG Partners LLC raised its stake in 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 valued at $47,000 after purchasing an additional 2,500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position 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 worth $68,000 after purchasing an additional 3,130 shares during the period. FSC Wealth Advisors LLC grew its stake in First Trust Preferred Securities and Income ETF by 75.9% during the third quarter. FSC Wealth Advisors LLC now owns 3,820 shares of the company’s stock worth $69,000 after buying an additional 1,648 shares in the last quarter. Finally, Ehrlich Financial Group acquired a new stake in First Trust Preferred Securities and Income ETF during the fourth quarter worth about $181,000.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA:FPE opened at $17.82 on Wednesday. The firm has a 50 day moving average of $17.77 and a 200-day moving average of $17.86. First Trust Preferred Securities and Income ETF has a 12 month low of $16.95 and a 12 month high of $18.23.

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.