American Financial Advisors LLC Sells 11,348 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

American Financial Advisors LLC trimmed its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 40.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 16,651 shares of the company’s stock after selling 11,348 shares during the period. American Financial Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $281,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its holdings in First Trust Preferred Securities and Income ETF by 264.0% during the third quarter. First Horizon Advisors Inc. now owns 1,656 shares of the company’s stock worth $26,000 after buying an additional 1,201 shares during the last quarter. Tyler Stone Wealth Management acquired a new position in First Trust Preferred Securities and Income ETF during the second quarter worth $30,000. Fortis Capital Advisors LLC acquired a new position in First Trust Preferred Securities and Income ETF during the fourth quarter worth $35,000. Sunbelt Securities Inc. bought a new position in First Trust Preferred Securities and Income ETF during the first quarter worth $46,000. Finally, Lumature Wealth Partners LLC bought a new position in First Trust Preferred Securities and Income ETF during the first quarter worth $190,000.

First Trust Preferred Securities and Income ETF Trading Up 0.1 %

FPE stock traded up $0.02 during midday trading on Friday, reaching $17.03. 1,254,351 shares of the company were exchanged, compared to its average volume of 1,447,549. The business has a 50-day moving average price of $17.21 and a two-hundred day moving average price of $16.68. First Trust Preferred Securities and Income ETF has a one year low of $15.45 and a one 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.