Merit Financial Group LLC Has $248,000 Stock Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Merit Financial Group LLC lessened its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 20.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,732 shares of the company’s stock after selling 3,837 shares during the quarter. Merit Financial Group LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $248,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Kingsview Wealth Management LLC increased its stake in shares of First Trust Preferred Securities and Income ETF by 1.5% in the third quarter. Kingsview Wealth Management LLC now owns 263,015 shares of the company’s stock worth $4,200,000 after purchasing an additional 4,006 shares during the period. Brookstone Capital Management lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 172.9% during the fourth quarter. Brookstone Capital Management now owns 87,088 shares of the company’s stock worth $1,468,000 after buying an additional 55,171 shares during the last quarter. Summit Financial Wealth Advisors LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 42.3% in the fourth quarter. Summit Financial Wealth Advisors LLC now owns 27,781 shares of the company’s stock valued at $468,000 after acquiring an additional 8,259 shares during the period. Wagner Wealth Management LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 4.9% in the fourth quarter. Wagner Wealth Management LLC now owns 20,866 shares of the company’s stock worth $352,000 after acquiring an additional 972 shares during the last quarter. Finally, Eldridge Investment Advisors Inc. raised its stake in First Trust Preferred Securities and Income ETF by 28.6% during the 4th quarter. Eldridge Investment Advisors Inc. now owns 506,055 shares of the company’s stock valued at $8,532,000 after purchasing an additional 112,546 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

NYSEARCA FPE opened at $17.22 on Friday. The company’s fifty day moving average is $17.22 and its two-hundred day moving average is $16.83. First Trust Preferred Securities and Income ETF has a 52-week low of $15.46 and a 52-week high of $17.45.

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.