Soltis Investment Advisors LLC Lowers Stock Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Soltis Investment Advisors LLC lowered its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 45.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,255 shares of the company’s stock after selling 15,303 shares during the period. Soltis Investment Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $323,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Simplicity Wealth LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the third quarter worth $186,000. Creative Planning increased its holdings in First Trust Preferred Securities and Income ETF by 32.8% during the 3rd quarter. Creative Planning now owns 14,869 shares of the company’s stock worth $269,000 after purchasing an additional 3,669 shares during the period. NBC Securities Inc. raised its position in First Trust Preferred Securities and Income ETF by 18.9% in the 3rd quarter. NBC Securities Inc. now owns 98,126 shares of the company’s stock valued at $1,776,000 after purchasing an additional 15,621 shares in the last quarter. Magnus Financial Group LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 2.5% in the 3rd quarter. Magnus Financial Group LLC now owns 1,425,060 shares of the company’s stock valued at $25,794,000 after buying an additional 35,008 shares during the period. Finally, SeaCrest Wealth Management LLC grew its position in shares of First Trust Preferred Securities and Income ETF by 11.2% during the third quarter. SeaCrest Wealth Management LLC now owns 19,309 shares of the company’s stock worth $349,000 after buying an additional 1,950 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Down 0.1 %

Shares of NYSEARCA:FPE opened at $17.82 on Wednesday. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.95 and a fifty-two week high of $18.23. The firm’s 50 day moving average price is $17.77 and its 200 day moving average price is $17.86.

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.