NewEdge Advisors LLC Lowers Stake in First Trust Institutional Preferred Securities and Income ETF $FPEI

NewEdge Advisors LLC cut its position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 68.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 793,314 shares of the company’s stock after selling 1,728,227 shares during the quarter. NewEdge Advisors LLC owned about 0.80% of First Trust Institutional Preferred Securities and Income ETF worth $15,073,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth about $29,000. Arax Advisory Partners purchased a new position in First Trust Institutional Preferred Securities and Income ETF in the fourth quarter valued at approximately $36,000. Colonial Trust Co SC raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 137.5% in the fourth quarter. Colonial Trust Co SC now owns 1,900 shares of the company’s stock valued at $37,000 after buying an additional 1,100 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter valued at approximately $84,000. Finally, Capital Investment Advisory Services LLC lifted its position in First Trust Institutional Preferred Securities and Income ETF by 1,876.4% during the fourth quarter. Capital Investment Advisory Services LLC now owns 4,447 shares of the company’s stock valued at $86,000 after buying an additional 4,222 shares in the last quarter.

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

FPEI opened at $19.05 on Thursday. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $18.71 and a 52-week high of $19.61. The company has a 50 day moving average of $19.23 and a two-hundred day moving average of $19.28.

First Trust Institutional Preferred Securities and Income ETF 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. FPEI was launched on Aug 22, 2017 and is managed by First Trust.