Beacon Financial Group Cuts Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Beacon Financial Group decreased its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 11.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,716 shares of the company’s stock after selling 18,111 shares during the quarter. Beacon Financial Group owned 0.19% of First Trust Institutional Preferred Securities and Income ETF worth $2,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Jaffetilchin Investment Partners LLC grew its position in First Trust Institutional Preferred Securities and Income ETF by 1.2% in the third quarter. Jaffetilchin Investment Partners LLC now owns 44,969 shares of the company’s stock worth $858,000 after acquiring an additional 537 shares in the last quarter. Stratos Wealth Partners LTD. lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 1.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 56,821 shares of the company’s stock valued at $1,063,000 after purchasing an additional 656 shares during the last quarter. Sutton Place Investors LLC boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 0.9% in the 4th quarter. Sutton Place Investors LLC now owns 115,978 shares of the company’s stock worth $2,169,000 after purchasing an additional 983 shares during the period. Walker Asset Management LLC increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 1.2% during the 4th quarter. Walker Asset Management LLC now owns 83,390 shares of the company’s stock valued at $1,559,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Trustmark National Bank Trust Department raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 4.7% during the 3rd quarter. Trustmark National Bank Trust Department now owns 29,590 shares of the company’s stock valued at $564,000 after buying an additional 1,331 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of FPEI opened at $18.79 on Wednesday. The business has a fifty day moving average of $18.73 and a 200 day moving average of $18.78. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.89 and a 52-week high of $19.11.

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.