Financial Advocates Investment Management Has $1.95 Million Stock Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Financial Advocates Investment Management cut its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 12.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,221 shares of the company’s stock after selling 15,127 shares during the period. Financial Advocates Investment Management owned about 0.15% of First Trust Institutional Preferred Securities and Income ETF worth $1,949,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the fourth quarter valued at $45,000. Ashton Thomas Private Wealth LLC increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 8.7% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 46,391 shares of the company’s stock worth $845,000 after purchasing an additional 3,707 shares in the last quarter. Private Advisor Group LLC lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 13.8% during the 1st quarter. Private Advisor Group LLC now owns 137,189 shares of the company’s stock valued at $2,500,000 after purchasing an additional 16,624 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in First Trust Institutional Preferred Securities and Income ETF by 7.2% in the first quarter. Janney Montgomery Scott LLC now owns 592,930 shares of the company’s stock valued at $10,803,000 after buying an additional 39,986 shares in the last quarter. Finally, StoneX Group Inc. grew its stake in First Trust Institutional Preferred Securities and Income ETF by 62.8% during the first quarter. StoneX Group Inc. now owns 41,468 shares of the company’s stock worth $756,000 after buying an additional 15,990 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Trading Down 0.1 %

NYSEARCA:FPEI opened at $18.75 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $16.48 and a 1 year high of $19.11. The firm has a 50 day moving average of $18.91 and a 200-day moving average of $18.54.

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.