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

Private Advisor Group LLC decreased its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 20.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 177,403 shares of the company’s stock after selling 45,563 shares during the quarter. Private Advisor Group LLC owned approximately 0.18% of First Trust Institutional Preferred Securities and Income ETF worth $3,371,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth approximately $29,000. Arax Advisory Partners acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the fourth quarter valued at approximately $36,000. Colonial Trust Co SC raised its position in 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 worth $37,000 after purchasing an additional 1,100 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF in the 4th quarter worth approximately $84,000. Finally, Capital Investment Advisory Services LLC lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 1,876.4% during the 4th quarter. Capital Investment Advisory Services LLC now owns 4,447 shares of the company’s stock worth $86,000 after buying an additional 4,222 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of FPEI opened at $19.25 on Thursday. The business’s fifty day moving average price is $19.25 and its two-hundred day moving average price is $19.31. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $18.71 and a 52 week high of $19.61.

First Trust Institutional Preferred Securities and Income ETF Company 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.