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

Other hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter worth approximately $209,000. Fiduciary Trust Co purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at $263,000. NBC Securities Inc. increased its position in First Trust Institutional Preferred Securities and Income ETF by 50.4% in the third quarter. NBC Securities Inc. now owns 15,178 shares of the company’s stock worth $289,000 after purchasing an additional 5,087 shares during the last quarter. Hobbs Group Advisors LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at $289,000. Finally, Ameritas Advisory Services LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter valued at $299,000.

First Trust Institutional Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA:FPEI opened at $18.86 on Friday. The firm has a fifty day simple moving average of $18.73 and a two-hundred day simple moving average of $18.79. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $17.90 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.