Atticus Wealth Management LLC Sells 11,167 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Atticus Wealth Management LLC lessened its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 74.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,863 shares of the company’s stock after selling 11,167 shares during the period. Atticus Wealth Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $68,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stonebridge Advisors LLC raised its stake in First Trust Preferred Securities and Income ETF by 25.1% during the second quarter. Stonebridge Advisors LLC now owns 228,435 shares of the company’s stock valued at $3,966,000 after buying an additional 45,880 shares during the last quarter. Bank of Montreal Can raised its position in shares of First Trust Preferred Securities and Income ETF by 11.4% in the 2nd quarter. Bank of Montreal Can now owns 245,835 shares of the company’s stock worth $4,287,000 after purchasing an additional 25,167 shares during the last quarter. Elevation Capital Advisory LLC bought a new position in First Trust Preferred Securities and Income ETF in the 2nd quarter worth about $5,750,000. Traction Financial Partners LLC grew its position in First Trust Preferred Securities and Income ETF by 10.0% during the 2nd quarter. Traction Financial Partners LLC now owns 278,441 shares of the company’s stock valued at $4,928,000 after purchasing an additional 25,333 shares during the last quarter. Finally, Advisory Alpha LLC increased its stake in First Trust Preferred Securities and Income ETF by 150.3% during the 2nd quarter. Advisory Alpha LLC now owns 552,002 shares of the company’s stock valued at $9,583,000 after purchasing an additional 331,469 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Down 0.1 %

Shares of NYSEARCA:FPE opened at $17.72 on Monday. First Trust Preferred Securities and Income ETF has a 1 year low of $16.95 and a 1 year high of $18.23. The stock’s fifty day moving average price is $17.80 and its 200-day moving average price is $17.85.

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.