Etesian Wealth Advisors Inc. Has $2.37 Million Position in First Trust Preferred Securities and Income ETF $FPE

Etesian Wealth Advisors Inc. reduced its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 133,016 shares of the company’s stock after selling 5,943 shares during the quarter. First Trust Preferred Securities and Income ETF comprises about 0.9% of Etesian Wealth Advisors Inc.’s investment portfolio, making the stock its 28th largest position. Etesian Wealth Advisors Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $2,368,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. LVZ Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 2.8% during the 1st quarter. LVZ Inc. now owns 24,142 shares of the company’s stock valued at $425,000 after purchasing an additional 667 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in First Trust Preferred Securities and Income ETF by 12.7% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,160 shares of the company’s stock worth $110,000 after acquiring an additional 695 shares during the last quarter. Brown Advisory Inc. boosted its position in First Trust Preferred Securities and Income ETF by 1.3% during the 1st quarter. Brown Advisory Inc. now owns 57,241 shares of the company’s stock worth $1,007,000 after acquiring an additional 740 shares during the last quarter. Realta Investment Advisors boosted its position in First Trust Preferred Securities and Income ETF by 5.0% during the 1st quarter. Realta Investment Advisors now owns 18,258 shares of the company’s stock worth $321,000 after acquiring an additional 864 shares during the last quarter. Finally, Perigon Wealth Management LLC boosted its position in First Trust Preferred Securities and Income ETF by 7.4% during the 1st quarter. Perigon Wealth Management LLC now owns 13,273 shares of the company’s stock worth $233,000 after acquiring an additional 909 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Down 0.2%

NYSEARCA:FPE opened at $18.27 on Friday. First Trust Preferred Securities and Income ETF has a twelve month low of $16.77 and a twelve month high of $18.42. The business has a 50 day moving average price of $18.17 and a two-hundred day moving average price of $17.77.

First Trust Preferred Securities and Income ETF Profile

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.