Bright Futures Wealth Management LLC. Decreases Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Bright Futures Wealth Management LLC. decreased its position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 54.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,647 shares of the company’s stock after selling 59,759 shares during the period. Bright Futures Wealth Management LLC.’s holdings in First Trust Preferred Securities and Income ETF were worth $880,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Raleigh Capital Management Inc. lifted 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 acquiring an additional 826 shares during the last quarter. ORG Partners LLC lifted its stake in shares of 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 during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of First Trust Preferred Securities and Income ETF by 435.3% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock worth $68,000 after buying an additional 3,130 shares during the period. FSC Wealth Advisors LLC lifted its stake in shares of 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 during the period. Finally, Ehrlich Financial Group acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the fourth quarter worth $181,000.

First Trust Preferred Securities and Income ETF Trading Up 0.3 %

NYSEARCA:FPE opened at $17.83 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 firm has a fifty day simple moving average of $17.77 and a 200-day simple moving average of $17.86.

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.