Kingswood Wealth Advisors LLC Reduces Holdings in First Trust Preferred Securities and Income ETF $FPE

Kingswood Wealth Advisors LLC lessened its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 11.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,040,215 shares of the company’s stock after selling 131,508 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for 0.9% of Kingswood Wealth Advisors LLC’s holdings, making the stock its 20th largest holding. Kingswood Wealth Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $18,953,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in FPE. Trust Co. of Vermont lifted its position in shares of First Trust Preferred Securities and Income ETF by 85.1% during the 3rd quarter. Trust Co. of Vermont now owns 1,942 shares of the company’s stock valued at $35,000 after buying an additional 893 shares during the last quarter. Rossby Financial LCC lifted its position in shares of First Trust Preferred Securities and Income ETF by 469.7% during the 3rd quarter. Rossby Financial LCC now owns 2,347 shares of the company’s stock valued at $43,000 after buying an additional 1,935 shares during the last quarter. Ameriflex Group Inc. lifted its position in shares of First Trust Preferred Securities and Income ETF by 339.3% during the 3rd quarter. Ameriflex Group Inc. now owns 2,372 shares of the company’s stock valued at $43,000 after buying an additional 1,832 shares during the last quarter. Raleigh Capital Management Inc. lifted its position in shares of First Trust Preferred Securities and Income ETF by 42.8% during the 4th quarter. Raleigh Capital Management Inc. now owns 2,507 shares of the company’s stock valued at $46,000 after buying an additional 752 shares during the last quarter. Finally, Triumph Capital Management purchased a new position in shares of First Trust Preferred Securities and Income ETF during the 3rd quarter valued at $61,000.

First Trust Preferred Securities and Income ETF Stock Down 0.7%

Shares of NYSEARCA FPE opened at $18.05 on Wednesday. First Trust Preferred Securities and Income ETF has a one year low of $17.06 and a one year high of $18.51. The business’s fifty day moving average price is $18.09 and its 200-day moving average price is $18.22.

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. FPE was launched on Feb 12, 2013 and is managed by First Trust.