First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Stock Position Trimmed by Eldridge Investment Advisors Inc.

Eldridge Investment Advisors Inc. cut its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 0.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 565,413 shares of the company’s stock after selling 1,975 shares during the quarter. First Trust Preferred Securities and Income ETF makes up 2.3% of Eldridge Investment Advisors Inc.’s investment portfolio, making the stock its 7th largest holding. Eldridge Investment Advisors Inc. owned 0.18% of First Trust Preferred Securities and Income ETF worth $10,008,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Apollon Wealth Management LLC grew its holdings in First Trust Preferred Securities and Income ETF by 14.0% during the 3rd quarter. Apollon Wealth Management LLC now owns 27,274 shares of the company’s stock valued at $494,000 after buying an additional 3,343 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in First Trust Preferred Securities and Income ETF by 4.1% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,531,988 shares of the company’s stock valued at $27,729,000 after buying an additional 59,919 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in First Trust Preferred Securities and Income ETF by 12.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 14,838 shares of the company’s stock valued at $269,000 after buying an additional 1,696 shares in the last quarter. Prospera Financial Services Inc grew its holdings in First Trust Preferred Securities and Income ETF by 15.7% during the 3rd quarter. Prospera Financial Services Inc now owns 1,622,012 shares of the company’s stock valued at $29,362,000 after buying an additional 220,692 shares in the last quarter. Finally, Moors & Cabot Inc. grew its holdings in First Trust Preferred Securities and Income ETF by 14.0% during the 3rd quarter. Moors & Cabot Inc. now owns 92,580 shares of the company’s stock valued at $1,676,000 after buying an additional 11,376 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Up 0.3 %

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

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.