Ameritas Advisory Services LLC lowered its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report) by 12.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,945 shares of the company’s stock after selling 3,478 shares during the period. Ameritas Advisory Services LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $401,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. AdvisorNet Financial Inc purchased a new stake in First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth about $36,000. Stonebridge Capital Advisors LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth about $36,000. Money Concepts Capital Corp raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 930.1% in the fourth quarter. Money Concepts Capital Corp now owns 2,256 shares of the company’s stock valued at $40,000 after buying an additional 2,037 shares during the last quarter. Concourse Financial Group Securities Inc. lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 111.7% during the fourth quarter. Concourse Financial Group Securities Inc. now owns 4,933 shares of the company’s stock valued at $88,000 after buying an additional 2,603 shares during the period. Finally, Core Wealth Advisors Inc. acquired a new stake in First Trust Institutional Preferred Securities and Income ETF during the first quarter worth approximately $108,000.
First Trust Institutional Preferred Securities and Income ETF Stock Up 0.2 %
Shares of NYSEARCA:FPEI opened at $17.03 on Friday. The business has a fifty day simple moving average of $16.84 and a 200-day simple moving average of $17.32. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $16.10 and a 52 week high of $18.90.
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.
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