Summit Financial Wealth Advisors LLC Boosts Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Summit Financial Wealth Advisors LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 210.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,725 shares of the company’s stock after buying an additional 57,420 shares during the quarter. Summit Financial Wealth Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,502,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Raleigh Capital Management Inc. grew its position 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 acquiring an additional 826 shares in the last quarter. Promus Capital LLC acquired a new stake in First Trust Preferred Securities and Income ETF during the 4th quarter valued at $35,000. ORG Partners LLC increased its stake in First Trust Preferred Securities and Income ETF by 1,655.6% during the 4th quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock worth $47,000 after buying an additional 2,500 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in First Trust Preferred Securities and Income ETF by 435.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock worth $68,000 after buying an additional 3,130 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in First Trust Preferred Securities and Income ETF by 55.8% in the 4th quarter. National Bank of Canada FI now owns 4,186 shares of the company’s stock valued at $74,000 after buying an additional 1,500 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Down 0.5 %

Shares of NYSEARCA FPE traded down $0.09 during midday trading on Thursday, reaching $17.19. 446,310 shares of the company’s stock were exchanged, compared to its average volume of 1,283,736. First Trust Preferred Securities and Income ETF has a 52-week low of $16.77 and a 52-week high of $18.23. The business’s fifty day moving average price is $17.67 and its two-hundred day moving average price is $17.82.

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.