Ausdal Financial Partners Inc. Sells 12,843 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Ausdal Financial Partners Inc. cut its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 24.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,924 shares of the company’s stock after selling 12,843 shares during the period. Ausdal Financial Partners Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $676,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in shares of First Trust Preferred Securities and Income ETF in the second quarter worth about $26,000. Bogart Wealth LLC bought a new position in shares of First Trust Preferred Securities and Income ETF in the first quarter worth about $36,000. FSC Wealth Advisors LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 85.3% in the second quarter. FSC Wealth Advisors LLC now owns 2,172 shares of the company’s stock worth $38,000 after purchasing an additional 1,000 shares during the last quarter. Indiana Trust & Investment Management CO bought a new position in shares of First Trust Preferred Securities and Income ETF in the first quarter worth about $44,000. Finally, Larson Financial Group LLC lifted its stake in First Trust Preferred Securities and Income ETF by 117.1% in the second quarter. Larson Financial Group LLC now owns 2,672 shares of the company’s stock worth $46,000 after acquiring an additional 1,441 shares during the period.

First Trust Preferred Securities and Income ETF Stock Down 0.1 %

NYSEARCA:FPE opened at $17.88 on Monday. First Trust Preferred Securities and Income ETF has a 1-year low of $15.46 and a 1-year high of $17.91. The company has a 50-day moving average of $17.62 and a 200 day moving average of $17.38.

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.