NewEdge Advisors LLC Sells 330,804 Shares of First Trust Institutional Preferred Securities and Income ETF $FPEI

NewEdge Advisors LLC trimmed its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 13.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,190,737 shares of the company’s stock after selling 330,804 shares during the period. NewEdge Advisors LLC owned about 2.22% of First Trust Institutional Preferred Securities and Income ETF worth $41,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in FPEI. Jane Street Group LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF in the first quarter worth about $1,520,000. First Trust Advisors LP increased its position in First Trust Institutional Preferred Securities and Income ETF by 7.9% during the 2nd quarter. First Trust Advisors LP now owns 262,064 shares of the company’s stock valued at $4,977,000 after purchasing an additional 19,155 shares during the period. Raymond James Financial Inc. increased its position in First Trust Institutional Preferred Securities and Income ETF by 12.4% during the 2nd quarter. Raymond James Financial Inc. now owns 2,006,953 shares of the company’s stock valued at $38,112,000 after purchasing an additional 222,032 shares during the period. Vista Investment Management raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 3.6% in the 2nd quarter. Vista Investment Management now owns 265,973 shares of the company’s stock valued at $5,051,000 after purchasing an additional 9,203 shares in the last quarter. Finally, MML Investors Services LLC lifted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 7.4% in the 2nd quarter. MML Investors Services LLC now owns 38,636 shares of the company’s stock worth $734,000 after purchasing an additional 2,676 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Trading Down 0.1%

NYSEARCA FPEI opened at $19.18 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $18.71 and a 52-week high of $19.61. The firm’s 50 day moving average price is $19.23 and its 200-day moving average price is $19.27.

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. FPEI was launched on Aug 22, 2017 and is managed by First Trust.