SPC Financial Inc. Decreases Stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

SPC Financial Inc. trimmed its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 12.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,141 shares of the company’s stock after selling 7,495 shares during the period. SPC Financial Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $923,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FPE. Farther Finance Advisors LLC increased its position in shares of First Trust Preferred Securities and Income ETF by 5.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock valued at $184,000 after purchasing an additional 559 shares during the last quarter. Independent Wealth Network Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 0.5% during the fourth quarter. Independent Wealth Network Inc. now owns 108,525 shares of the company’s stock worth $1,921,000 after purchasing an additional 567 shares in the last quarter. Raleigh Capital Management Inc. increased its holdings in First Trust Preferred Securities and Income ETF by 96.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock valued at $30,000 after buying an additional 826 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in First Trust Preferred Securities and Income ETF by 5.3% in the third quarter. Orion Portfolio Solutions LLC now owns 16,470 shares of the company’s stock valued at $298,000 after buying an additional 829 shares during the last quarter. Finally, US Bancorp DE raised its stake in First Trust Preferred Securities and Income ETF by 0.6% in the fourth quarter. US Bancorp DE now owns 153,440 shares of the company’s stock valued at $2,717,000 after buying an additional 859 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Down 0.6 %

Shares of NYSEARCA FPE opened at $17.75 on Wednesday. First Trust Preferred Securities and Income ETF has a 1 year low of $16.95 and a 1 year high of $18.23. The business has a 50-day moving average of $17.76 and a two-hundred day moving average of $17.89.

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.