First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Shares Sold by Platform Technology Partners

Platform Technology Partners lowered its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 24.6% during the fourth quarter, HoldingsChannel reports. The fund owned 65,455 shares of the company’s stock after selling 21,334 shares during the period. Platform Technology Partners’ holdings in First Trust Institutional Preferred Securities and Income ETF were worth $1,224,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 82.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,645 shares of the company’s stock worth $196,000 after purchasing an additional 4,824 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the second quarter worth approximately $514,000. CWM LLC lifted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 121.1% during the third quarter. CWM LLC now owns 138,360 shares of the company’s stock worth $2,639,000 after purchasing an additional 75,793 shares during the period. Adamsbrown Wealth Consultants LLC grew its position in First Trust Institutional Preferred Securities and Income ETF by 6.1% in the 3rd quarter. Adamsbrown Wealth Consultants LLC now owns 658,323 shares of the company’s stock valued at $12,554,000 after buying an additional 37,664 shares during the last quarter. Finally, NBC Securities Inc. increased its stake in First Trust Institutional Preferred Securities and Income ETF by 50.4% in the 3rd quarter. NBC Securities Inc. now owns 15,178 shares of the company’s stock valued at $289,000 after buying an additional 5,087 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

FPEI stock opened at $18.80 on Friday. The company has a fifty day moving average of $18.73 and a 200-day moving average of $18.77. First Trust Institutional Preferred Securities and Income ETF has a one year low of $17.89 and a one year high of $19.11.

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.