First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Shares Sold by Key Financial Inc

Key Financial Inc reduced its position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 54.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 442,743 shares of the company’s stock after selling 525,646 shares during the quarter. First Trust Institutional Preferred Securities and Income ETF makes up about 1.9% of Key Financial Inc’s portfolio, making the stock its 8th largest position. Key Financial Inc’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $8,279,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Jaffetilchin Investment Partners LLC grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 1.2% in the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 44,969 shares of the company’s stock valued at $858,000 after buying an additional 537 shares during the period. Gladstone Institutional Advisory LLC lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 1.1% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 53,835 shares of the company’s stock worth $1,007,000 after acquiring an additional 575 shares in the last quarter. Stratos Wealth Partners LTD. grew its stake in First Trust Institutional Preferred Securities and Income ETF by 1.2% in the fourth quarter. Stratos Wealth Partners LTD. now owns 56,821 shares of the company’s stock valued at $1,063,000 after acquiring an additional 656 shares during the period. Sutton Place Investors LLC increased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 0.9% in the fourth quarter. Sutton Place Investors LLC now owns 115,978 shares of the company’s stock worth $2,169,000 after acquiring an additional 983 shares in the last quarter. Finally, Walker Asset Management LLC raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 1.2% during the fourth quarter. Walker Asset Management LLC now owns 83,390 shares of the company’s stock worth $1,559,000 after purchasing an additional 1,000 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Trading Up 0.2 %

NYSEARCA:FPEI opened at $18.86 on Tuesday. The business’s 50-day simple moving average is $18.73 and its 200-day simple moving average is $18.79. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $17.90 and a fifty-two week high of $19.11.

About First Trust Institutional Preferred Securities and Income ETF

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.