1776 Wealth LLC Sells 1,302 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

1776 Wealth LLC reduced its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 151,970 shares of the company’s stock after selling 1,302 shares during the period. First Trust Institutional Preferred Securities and Income ETF comprises 1.2% of 1776 Wealth LLC’s holdings, making the stock its 17th largest position. 1776 Wealth LLC owned about 0.22% of First Trust Institutional Preferred Securities and Income ETF worth $2,842,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jane Street Group LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at about $1,468,000. Park Avenue Securities LLC raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 31.5% in the 4th quarter. Park Avenue Securities LLC now owns 86,415 shares of the company’s stock valued at $1,616,000 after acquiring an additional 20,723 shares during the period. Janney Montgomery Scott LLC lifted its position in First Trust Institutional Preferred Securities and Income ETF by 20.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 117,606 shares of the company’s stock worth $2,199,000 after acquiring an additional 19,696 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 21.8% during the third quarter. MML Investors Services LLC now owns 16,341 shares of the company’s stock worth $312,000 after acquiring an additional 2,925 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of First Trust Institutional Preferred Securities and Income ETF by 41.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,350 shares of the company’s stock valued at $1,110,000 after purchasing an additional 17,350 shares during the last quarter.

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

Shares of NYSEARCA FPEI opened at $18.76 on Thursday. The business’s 50 day moving average is $18.75 and its 200-day moving average is $18.82. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $17.90 and a 1-year 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.