Kestra Private Wealth Services LLC Sells 6,169 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Kestra Private Wealth Services LLC lowered its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 12.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,807 shares of the company’s stock after selling 6,169 shares during the quarter. Kestra Private Wealth Services LLC owned approximately 0.06% of First Trust Institutional Preferred Securities and Income ETF worth $819,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in First Trust Institutional Preferred Securities and Income ETF by 202.4% in the third quarter. JPMorgan Chase & Co. now owns 933,926 shares of the company’s stock worth $17,810,000 after buying an additional 625,087 shares in the last quarter. Fifth Third Securities Inc. purchased a new stake in First Trust Institutional Preferred Securities and Income ETF in the 4th quarter worth approximately $6,189,000. Synergy Asset Management LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth approximately $4,951,000. Citizens Financial Group Inc. RI lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 38.5% during the third quarter. Citizens Financial Group Inc. RI now owns 617,850 shares of the company’s stock valued at $11,782,000 after purchasing an additional 171,730 shares in the last quarter. Finally, Adamsbrown Wealth Consultants LLC boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 15.8% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 762,208 shares of the company’s stock worth $14,253,000 after purchasing an additional 103,885 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of FPEI stock opened at $18.86 on Friday. First Trust Institutional Preferred Securities and Income ETF has a one year low of $17.90 and a one year high of $19.11. The company’s fifty day moving average price is $18.73 and its 200-day moving average price is $18.79.

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.