Berger Financial Group Inc Sells 2,845 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Berger Financial Group Inc lowered its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 5.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 48,679 shares of the company’s stock after selling 2,845 shares during the quarter. Berger Financial Group Inc’s holdings in First Trust Preferred Securities and Income ETF were worth $862,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Independent Wealth Network Inc. lifted its position in First Trust Preferred Securities and Income ETF by 0.5% in the fourth quarter. Independent Wealth Network Inc. now owns 108,525 shares of the company’s stock valued at $1,921,000 after purchasing an additional 567 shares during the last quarter. Level Four Advisory Services LLC increased its stake in shares of First Trust Preferred Securities and Income ETF by 2.5% during the fourth quarter. Level Four Advisory Services LLC now owns 33,172 shares of the company’s stock valued at $587,000 after buying an additional 799 shares during the period. Raleigh Capital Management Inc. increased its stake in shares of First Trust Preferred Securities and Income ETF by 96.6% during 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 period. US Bancorp DE increased its stake in shares of First Trust Preferred Securities and Income ETF by 0.6% during 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 during the period. Finally, DAVENPORT & Co LLC increased its stake in shares of First Trust Preferred Securities and Income ETF by 1.6% during the fourth quarter. DAVENPORT & Co LLC now owns 56,574 shares of the company’s stock valued at $1,001,000 after buying an additional 883 shares during the period.

First Trust Preferred Securities and Income ETF Price Performance

FPE opened at $17.36 on Monday. First Trust Preferred Securities and Income ETF has a 52-week low of $16.77 and a 52-week high of $18.23. The stock’s 50 day moving average price is $17.52 and its 200-day moving average price is $17.74.

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.