Altus Wealth Group LLC Trims Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Altus Wealth Group LLC decreased its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 21.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,517 shares of the company’s stock after selling 12,182 shares during the quarter. Altus Wealth Group LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $770,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raleigh Capital Management Inc. grew its position in 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. Promus Capital LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the 4th quarter worth about $35,000. ORG Partners LLC grew its position in shares of First Trust Preferred Securities and Income ETF by 1,655.6% during the 4th quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock valued at $47,000 after acquiring an additional 2,500 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of First Trust Preferred Securities and Income ETF by 435.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock valued at $68,000 after purchasing an additional 3,130 shares in the last quarter. Finally, Ehrlich Financial Group acquired a new position in First Trust Preferred Securities and Income ETF in the 4th quarter worth about $181,000.

First Trust Preferred Securities and Income ETF Price Performance

Shares of FPE opened at $17.66 on Friday. First Trust Preferred Securities and Income ETF has a 12 month low of $16.95 and a 12 month high of $18.23. The stock’s 50 day moving average is $17.76 and its two-hundred day moving average is $17.89.

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.