ORBA Wealth Advisors L.L.C. Sells 9,906 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

ORBA Wealth Advisors L.L.C. trimmed its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 2.4% in the fourth quarter, HoldingsChannel reports. The firm owned 400,672 shares of the company’s stock after selling 9,906 shares during the period. First Trust Preferred Securities and Income ETF makes up about 3.7% of ORBA Wealth Advisors L.L.C.’s portfolio, making the stock its 5th largest position. ORBA Wealth Advisors L.L.C.’s holdings in First Trust Preferred Securities and Income ETF were worth $7,092,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in First Trust Preferred Securities and Income ETF by 5.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock valued at $184,000 after purchasing an additional 559 shares in the last quarter. Independent Wealth Network Inc. increased its position in shares of First Trust Preferred Securities and Income ETF by 0.5% during the fourth quarter. Independent Wealth Network Inc. now owns 108,525 shares of the company’s stock worth $1,921,000 after acquiring an additional 567 shares in the last quarter. Aspen Wealth Strategies LLC raised its holdings in shares of First Trust Preferred Securities and Income ETF by 1.2% in the 3rd quarter. Aspen Wealth Strategies LLC now owns 50,959 shares of the company’s stock worth $922,000 after acquiring an additional 593 shares during the last quarter. Raleigh Capital Management Inc. lifted its position in First Trust Preferred Securities and Income ETF by 96.6% in the 4th 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. Finally, Orion Portfolio Solutions LLC boosted its stake in First Trust Preferred Securities and Income ETF by 5.3% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,470 shares of the company’s stock valued at $298,000 after purchasing an additional 829 shares during the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

Shares of First Trust Preferred Securities and Income ETF stock opened at $17.82 on Wednesday. First Trust Preferred Securities and Income ETF has a 52 week low of $16.95 and a 52 week high of $18.23. The business has a 50 day moving average price of $17.75 and a 200-day moving average price of $17.89.

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.