Merkkuri Wealth Advisors LLC Cuts Stock Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Merkkuri Wealth Advisors LLC reduced its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 8.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,656 shares of the company’s stock after selling 1,415 shares during the period. Merkkuri Wealth Advisors LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $259,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Creative Planning lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 32.8% during the third quarter. Creative Planning now owns 14,869 shares of the company’s stock valued at $269,000 after purchasing an additional 3,669 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 5.8% in the third quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock valued at $184,000 after purchasing an additional 559 shares in the last quarter. Acorn Wealth Advisors LLC purchased a new position in First Trust Preferred Securities and Income ETF during the third quarter worth $318,000. JPMorgan Chase & Co. raised its stake in shares of First Trust Preferred Securities and Income ETF by 29.4% in the third quarter. JPMorgan Chase & Co. now owns 989,613 shares of the company’s stock valued at $17,912,000 after acquiring an additional 224,647 shares during the period. Finally, Elevation Capital Advisory LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF in the 2nd quarter worth about $5,750,000.

First Trust Preferred Securities and Income ETF Trading Down 0.1 %

Shares of NYSEARCA:FPE opened at $17.72 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’s 50-day moving average is $17.80 and its 200 day moving average is $17.84.

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.