Cambridge Investment Research Advisors Inc. Has $1.59 Million Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Cambridge Investment Research Advisors Inc. decreased its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEIFree Report) by 55.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 89,094 shares of the company’s stock after selling 111,877 shares during the period. Cambridge Investment Research Advisors Inc. owned 0.15% of First Trust Institutional Preferred Securities and Income ETF worth $1,589,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Spire Wealth Management raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 26.5% during the 3rd quarter. Spire Wealth Management now owns 58,785 shares of the company’s stock worth $992,000 after purchasing an additional 12,304 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in First Trust Institutional Preferred Securities and Income ETF by 1.4% during the third quarter. Janney Montgomery Scott LLC now owns 558,824 shares of the company’s stock worth $9,433,000 after buying an additional 7,912 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co acquired a new position in First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at $10,466,000. UBS Group AG boosted its position in First Trust Institutional Preferred Securities and Income ETF by 32.4% during the third quarter. UBS Group AG now owns 6,363,876 shares of the company’s stock valued at $107,422,000 after acquiring an additional 1,557,412 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth about $198,000.

First Trust Institutional Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA:FPEI opened at $18.37 on Thursday. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $16.44 and a 1 year high of $18.37. The business’s 50-day moving average is $18.16 and its 200-day moving average is $17.95.

First Trust Institutional Preferred Securities and Income ETF Profile

(Free Report)

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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Institutional Ownership by Quarter for First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

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