Etesian Wealth Advisors Inc. Decreases Stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Etesian Wealth Advisors Inc. cut its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 15.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 147,925 shares of the company’s stock after selling 26,302 shares during the quarter. First Trust Preferred Securities and Income ETF makes up approximately 1.2% of Etesian Wealth Advisors Inc.’s portfolio, making the stock its 20th largest holding. Etesian Wealth Advisors Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $2,677,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new position in First Trust Preferred Securities and Income ETF in the 2nd quarter worth approximately $26,000. Ameliora Wealth Management Ltd. raised its stake in shares of First Trust Preferred Securities and Income ETF by 93.1% during the 3rd quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock valued at $26,000 after purchasing an additional 690 shares during the period. FSC Wealth Advisors LLC boosted its stake in First Trust Preferred Securities and Income ETF by 85.3% in the 2nd 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 period. Indiana Trust & Investment Management CO bought a new stake in First Trust Preferred Securities and Income ETF during the 1st quarter worth approximately $44,000. Finally, Larson Financial Group LLC increased its holdings in shares of 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 purchasing an additional 1,441 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA FPE traded up $0.02 during trading on Friday, reaching $18.18. The company’s stock had a trading volume of 823,154 shares, compared to its average volume of 1,233,195. The firm has a fifty day moving average of $17.97 and a 200 day moving average of $17.56. First Trust Preferred Securities and Income ETF has a one year low of $15.46 and a one year high of $18.23.

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.