Atria Wealth Solutions Inc. Lowers Holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Atria Wealth Solutions Inc. decreased its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 19.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,082 shares of the company’s stock after selling 4,560 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $357,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. US Bancorp DE boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 34.8% in the first quarter. US Bancorp DE now owns 43,364 shares of the company’s stock worth $811,000 after buying an additional 11,206 shares during the last quarter. Harbour Investments Inc. boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 14.0% in the first quarter. Harbour Investments Inc. now owns 25,358 shares of the company’s stock worth $474,000 after buying an additional 3,120 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 5.0% in the first quarter. Arkadios Wealth Advisors now owns 37,791 shares of the company’s stock worth $707,000 after buying an additional 1,790 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 80,676.5% in the first quarter. Geneos Wealth Management Inc. now owns 299,681 shares of the company’s stock worth $5,604,000 after buying an additional 299,310 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 9.1% in the first quarter. LPL Financial LLC now owns 3,837,937 shares of the company’s stock worth $71,769,000 after buying an additional 319,485 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of FPEI opened at $19.20 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $17.81 and a 52 week high of $19.30. The stock’s 50-day moving average price is $18.99 and its 200-day moving average price is $18.74.

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.