IMA Wealth Inc. Sells 9,953 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

IMA Wealth Inc. lowered its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 207,781 shares of the company’s stock after selling 9,953 shares during the period. First Trust Preferred Securities and Income ETF comprises about 1.8% of IMA Wealth Inc.’s investment portfolio, making the stock its 17th biggest position. IMA Wealth Inc. owned 0.06% of First Trust Preferred Securities and Income ETF worth $3,503,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FPE. Kingsview Wealth Management LLC grew its holdings in First Trust Preferred Securities and Income ETF by 1.5% in the 3rd quarter. Kingsview Wealth Management LLC now owns 263,015 shares of the company’s stock worth $4,200,000 after acquiring an additional 4,006 shares during the last quarter. Brookstone Capital Management lifted its position in shares of First Trust Preferred Securities and Income ETF by 172.9% in the 4th quarter. Brookstone Capital Management now owns 87,088 shares of the company’s stock worth $1,468,000 after purchasing an additional 55,171 shares during the period. Summit Financial Wealth Advisors LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 42.3% in the 4th quarter. Summit Financial Wealth Advisors LLC now owns 27,781 shares of the company’s stock worth $468,000 after purchasing an additional 8,259 shares during the period. Wagner Wealth Management LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 4.9% in the 4th quarter. Wagner Wealth Management LLC now owns 20,866 shares of the company’s stock worth $352,000 after purchasing an additional 972 shares during the period. Finally, Marion Wealth Management purchased a new stake in shares of First Trust Preferred Securities and Income ETF in the 4th quarter worth about $4,705,000.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA FPE remained flat at $17.03 during trading hours on Friday. 679,938 shares of the company were exchanged, compared to its average volume of 1,415,655. First Trust Preferred Securities and Income ETF has a one year low of $15.45 and a one year high of $17.45. The business’s 50-day simple moving average is $17.21 and its 200-day simple moving average is $16.73.

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.