First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Sold by Good Life Advisors LLC

Good Life Advisors LLC lowered its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 9.6% in the fourth quarter, Holdings Channel reports. The fund owned 27,861 shares of the company’s stock after selling 2,970 shares during the period. Good Life Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $493,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. raised its position in shares of First Trust Preferred Securities and Income ETF by 96.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock worth $30,000 after acquiring an additional 826 shares in the last quarter. ORG Partners LLC increased its stake in First Trust Preferred Securities and Income ETF by 1,655.6% in the fourth quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock valued at $47,000 after purchasing an additional 2,500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in First Trust Preferred Securities and Income ETF by 435.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock worth $68,000 after purchasing an additional 3,130 shares in the last quarter. Ehrlich Financial Group acquired a new stake in First Trust Preferred Securities and Income ETF during the fourth quarter worth approximately $181,000. Finally, Venture Visionary Partners LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the 3rd quarter worth approximately $183,000.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.84 on Friday. The company has a fifty day simple moving average of $17.75 and a 200-day simple moving average of $17.87. First Trust Preferred Securities and Income ETF has a 12-month low of $16.95 and a 12-month high of $18.23.

About First Trust Preferred Securities and Income ETF

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.