First Trust Institutional Preferred Securities and Income ETF $FPEI Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lessened its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 13.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,424 shares of the company’s stock after selling 3,354 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $408,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Farther Finance Advisors LLC raised its stake in First Trust Institutional Preferred Securities and Income ETF by 126.9% in the first quarter. Farther Finance Advisors LLC now owns 3,410 shares of the company’s stock valued at $64,000 after buying an additional 1,907 shares in the last quarter. DAVENPORT & Co LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF in the 1st quarter valued at approximately $205,000. Kestra Private Wealth Services LLC grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 2.5% during the 1st quarter. Kestra Private Wealth Services LLC now owns 44,922 shares of the company’s stock worth $840,000 after purchasing an additional 1,115 shares during the period. Avantax Advisory Services Inc. grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 48.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 37,999 shares of the company’s stock worth $711,000 after acquiring an additional 12,470 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 15.6% in the 1st quarter. Cetera Investment Advisers now owns 764,902 shares of the company’s stock worth $14,304,000 after buying an additional 103,427 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Down 0.1%

FPEI stock opened at $19.36 on Tuesday. The stock’s 50 day moving average price is $19.23 and its 200 day moving average price is $18.87. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $17.81 and a 1 year high of $19.48.

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.