Miracle Mile Advisors LLC lessened its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) by 11.5% in the 4th quarter, HoldingsChannel reports. The firm owned 51,638 shares of the company’s stock after selling 6,728 shares during the quarter. Miracle Mile Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. boosted its position in First Trust Preferred Securities and Income ETF by 93.1% in the 3rd quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock worth $26,000 after purchasing an additional 690 shares in the last quarter. Mattson Financial Services LLC acquired a new position in shares of First Trust Preferred Securities and Income ETF in the 2nd quarter valued at $46,000. ORG Partners LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 1,655.6% during the fourth quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock worth $47,000 after buying an additional 2,500 shares in the last quarter. FSC Wealth Advisors LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 75.9% during the third quarter. FSC Wealth Advisors LLC now owns 3,820 shares of the company’s stock worth $69,000 after buying an additional 1,648 shares in the last quarter. Finally, Matrix Trust Co acquired a new stake in First Trust Preferred Securities and Income ETF during the third quarter valued at $173,000.
First Trust Preferred Securities and Income ETF Trading Up 0.9 %
Shares of First Trust Preferred Securities and Income ETF stock opened at $17.72 on Thursday. The firm has a 50-day simple moving average of $17.83 and a two-hundred day simple moving average of $17.83. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.82 and a fifty-two week high of $18.23.
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.
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Want to see what other hedge funds are holding FPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report).
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