First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) is Essex LLC’s 7th Largest Position

Essex LLC reduced its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 840,706 shares of the company’s stock after selling 36,533 shares during the period. First Trust Institutional Preferred Securities and Income ETF comprises 3.3% of Essex LLC’s investment portfolio, making the stock its 7th largest holding. Essex LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $15,721,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at approximately $209,000. Fiduciary Trust Co purchased a new position in First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at $263,000. Hobbs Group Advisors LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at $289,000. NBC Securities Inc. lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 50.4% during the 3rd quarter. NBC Securities Inc. now owns 15,178 shares of the company’s stock worth $289,000 after buying an additional 5,087 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth about $299,000.

First Trust Institutional Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA FPEI opened at $18.80 on Friday. The stock’s 50-day simple moving average is $18.73 and its 200-day simple moving average is $18.77. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $17.89 and a fifty-two week high of $19.11.

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.