First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Stock Holdings Lessened by Elevated Capital Advisors LLC

Elevated Capital Advisors LLC lowered its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 8.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 374,347 shares of the company’s stock after selling 32,439 shares during the quarter. First Trust Institutional Preferred Securities and Income ETF comprises about 2.0% of Elevated Capital Advisors LLC’s holdings, making the stock its 8th largest position. Elevated Capital Advisors LLC owned approximately 0.43% of First Trust Institutional Preferred Securities and Income ETF worth $7,000,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 55.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,095 shares of the company’s stock worth $320,000 after buying an additional 6,117 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 126.9% in the 1st quarter. Farther Finance Advisors LLC now owns 3,410 shares of the company’s stock valued at $64,000 after purchasing an additional 1,907 shares in the last quarter. Citadel Advisors LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at approximately $266,000. Raymond James Financial Inc. purchased a new stake in First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at approximately $36,807,000. Finally, Global Retirement Partners LLC boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 151.5% in the 4th quarter. Global Retirement Partners LLC now owns 3,036 shares of the company’s stock valued at $57,000 after purchasing an additional 1,829 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Up 0.1%

Shares of FPEI opened at $18.94 on Friday. First Trust Institutional Preferred Securities and Income ETF has a twelve month low of $17.81 and a twelve month high of $19.11. The stock’s 50 day moving average is $18.67 and its two-hundred day moving average is $18.66.

About First Trust Institutional Preferred Securities and Income ETF

The First Trust Institutional Preferred Securities and Income ETF (FPEI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to provide current income and total return by investing in global institutional preferred and income-producing debt securities.