Welch & Forbes LLC Decreases Stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Welch & Forbes LLC cut its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 2.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 176,424 shares of the company’s stock after selling 4,200 shares during the quarter. Welch & Forbes LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $3,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of FPEI. Silver Oak Securities Incorporated purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter worth $185,000. NBC Securities Inc. purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at about $176,000. Envestnet Portfolio Solutions Inc. bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter worth approximately $198,000. ARS Wealth Advisors Group LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the fourth quarter worth approximately $253,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the fourth quarter worth approximately $314,000.

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

FPEI stock traded up $0.02 during midday trading on Tuesday, reaching $18.23. 179,756 shares of the company’s stock traded hands, compared to its average volume of 321,131. The stock’s 50-day moving average is $18.11 and its 200 day moving average is $17.73. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $16.41 and a 52-week high of $18.28.

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.