Private Advisor Group LLC Has $3.37 Million Stock Holdings in First Trust Institutional Preferred Securities and Income ETF $FPEI

Private Advisor Group LLC decreased its position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 20.4% during the 1st quarter, Holdings Channel reports. The fund owned 177,403 shares of the company’s stock after selling 45,563 shares during the quarter. Private Advisor Group LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $3,371,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the fourth quarter valued at approximately $29,000. Arax Advisory Partners bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth $36,000. Colonial Trust Co SC grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 137.5% in the 4th quarter. Colonial Trust Co SC now owns 1,900 shares of the company’s stock valued at $37,000 after buying an additional 1,100 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at $84,000. Finally, Capital Investment Advisory Services LLC grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 1,876.4% in the 4th quarter. Capital Investment Advisory Services LLC now owns 4,447 shares of the company’s stock valued at $86,000 after buying an additional 4,222 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

FPEI opened at $19.25 on Thursday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $18.71 and a 12 month high of $19.61. The company has a fifty day simple moving average of $19.25 and a 200 day simple moving average of $19.31.

First Trust Institutional Preferred Securities and Income ETF Profile

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. FPEI was launched on Aug 22, 2017 and is managed by First Trust.