Mid American Wealth Advisory Group Inc. Lowers Position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Mid American Wealth Advisory Group Inc. trimmed its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 7.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 259,390 shares of the company’s stock after selling 21,996 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for about 3.1% of Mid American Wealth Advisory Group Inc.’s holdings, making the stock its 9th biggest position. Mid American Wealth Advisory Group Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $4,436,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of FPE. HighTower Advisors LLC bought a new position in First Trust Preferred Securities and Income ETF in the 3rd quarter valued at about $41,204,000. International Assets Investment Management LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 1,480.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,799,288 shares of the company’s stock valued at $30,336,000 after purchasing an additional 1,685,412 shares in the last quarter. Stonebridge Advisors LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 241.2% in the 4th quarter. Stonebridge Advisors LLC now owns 1,972,113 shares of the company’s stock valued at $33,250,000 after purchasing an additional 1,394,132 shares in the last quarter. Price Capital Management Inc. acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the 4th quarter valued at approximately $20,313,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the 4th quarter valued at approximately $13,331,000.

First Trust Preferred Securities and Income ETF Trading Up 0.5 %

Shares of FPE traded up $0.08 during mid-day trading on Monday, reaching $17.11. The company had a trading volume of 626,835 shares, compared to its average volume of 1,405,318. The company’s 50 day simple moving average is $17.21 and its 200 day simple moving average is $16.75. First Trust Preferred Securities and Income ETF has a 1-year low of $15.45 and a 1-year 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.