Archer Investment Corp Cuts Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Archer Investment Corp reduced its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 10.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 364,012 shares of the company’s stock after selling 40,690 shares during the period. First Trust Preferred Securities and Income ETF comprises approximately 2.0% of Archer Investment Corp’s holdings, making the stock its 9th largest position. Archer Investment Corp owned approximately 0.11% of First Trust Preferred Securities and Income ETF worth $6,137,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. First Horizon Advisors Inc. grew its stake in First Trust Preferred Securities and Income ETF by 264.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,656 shares of the company’s stock worth $26,000 after acquiring an additional 1,201 shares in the last quarter. Tyler Stone Wealth Management purchased a new stake in First Trust Preferred Securities and Income ETF during the second quarter valued at approximately $30,000. Fortis Capital Advisors LLC purchased a new stake in First Trust Preferred Securities and Income ETF during the fourth quarter valued at approximately $35,000. Sunbelt Securities Inc. purchased a new stake in First Trust Preferred Securities and Income ETF during the first quarter valued at approximately $46,000. Finally, Cozad Asset Management Inc. purchased a new stake in First Trust Preferred Securities and Income ETF during the third quarter valued at approximately $160,000.

First Trust Preferred Securities and Income ETF Trading Up 0.5 %

Shares of NYSEARCA FPE traded up $0.08 during midday trading on Wednesday, reaching $17.04. The company had a trading volume of 671,388 shares, compared to its average volume of 1,447,699. The business’s 50-day simple moving average is $17.21 and its 200 day simple moving average is $16.67. First Trust Preferred Securities and Income ETF has a 1 year low of $15.45 and a 1 year high of $17.45.

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.