Financial Advocates Investment Management Sells 15,127 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Financial Advocates Investment Management lowered its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 12.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,221 shares of the company’s stock after selling 15,127 shares during the period. Financial Advocates Investment Management’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $1,949,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of FPEI. Magnus Financial Group LLC grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 1.2% during the second quarter. Magnus Financial Group LLC now owns 46,765 shares of the company’s stock valued at $859,000 after purchasing an additional 547 shares during the period. NewEdge Advisors LLC increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 0.8% in the 2nd quarter. NewEdge Advisors LLC now owns 79,641 shares of the company’s stock valued at $1,463,000 after buying an additional 637 shares in the last quarter. Csenge Advisory Group raised its stake in First Trust Institutional Preferred Securities and Income ETF by 8.6% during the 1st quarter. Csenge Advisory Group now owns 10,938 shares of the company’s stock worth $199,000 after buying an additional 866 shares during the period. Nations Financial Group Inc. IA ADV lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 1.2% during the second quarter. Nations Financial Group Inc. IA ADV now owns 74,385 shares of the company’s stock worth $1,366,000 after acquiring an additional 875 shares in the last quarter. Finally, Clarus Wealth Advisors grew its stake in First Trust Institutional Preferred Securities and Income ETF by 3.3% in the second quarter. Clarus Wealth Advisors now owns 30,136 shares of the company’s stock valued at $556,000 after acquiring an additional 971 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of First Trust Institutional Preferred Securities and Income ETF stock opened at $18.75 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $16.48 and a 1 year high of $19.11. The business has a 50-day moving average of $18.91 and a two-hundred day moving average of $18.54.

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.