Collaborative Wealth Managment Inc. Has $488,000 Position in First Trust Institutional Preferred Securities and Income ETF $FPEI

Collaborative Wealth Managment Inc. cut its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 84.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,659 shares of the company’s stock after selling 139,711 shares during the quarter. Collaborative Wealth Managment Inc.’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $488,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 4,539.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,203,161 shares of the company’s stock valued at $81,499,000 after acquiring an additional 4,112,566 shares in the last quarter. Morgan Stanley raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 11.9% during the fourth quarter. Morgan Stanley now owns 18,537,923 shares of the company’s stock worth $359,450,000 after acquiring an additional 1,976,898 shares in the last quarter. Legacy Edge Advisors LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter valued at approximately $21,779,000. Smith Chas P & Associates PA Cpas boosted its position in First Trust Institutional Preferred Securities and Income ETF by 71.2% during the fourth quarter. Smith Chas P & Associates PA Cpas now owns 2,380,461 shares of the company’s stock valued at $46,157,000 after purchasing an additional 989,787 shares during the last quarter. Finally, Westview Management dba Westview Investment Advisors bought a new position in First Trust Institutional Preferred Securities and Income ETF in the fourth quarter valued at approximately $7,480,000.

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

NYSEARCA:FPEI opened at $19.26 on Thursday. First Trust Institutional Preferred Securities and Income ETF has a twelve month low of $18.71 and a twelve month high of $19.61. The stock’s 50 day moving average price is $19.25 and its two-hundred day moving average price is $19.30.

About First Trust Institutional Preferred Securities and Income ETF

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.