Collaborative Wealth Managment Inc. Sells 139,711 Shares of First Trust Institutional Preferred Securities and Income ETF $FPEI

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

A number of other large investors have also recently added to or reduced their stakes in FPEI. Morgan Stanley raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 11.9% in the 4th quarter. Morgan Stanley now owns 18,537,923 shares of the company’s stock valued at $359,450,000 after purchasing an additional 1,976,898 shares during the period. UBS Group AG boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 2.0% during the fourth quarter. UBS Group AG now owns 9,002,698 shares of the company’s stock worth $174,562,000 after buying an additional 175,526 shares during the period. Royal Bank of Canada boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 5.2% during the fourth quarter. Royal Bank of Canada now owns 5,023,950 shares of the company’s stock worth $97,415,000 after buying an additional 249,812 shares during the period. Bank of America Corp DE grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 4.6% during the third quarter. Bank of America Corp DE now owns 4,544,959 shares of the company’s stock worth $87,900,000 after buying an additional 200,889 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 2.0% during the fourth quarter. LPL Financial LLC now owns 4,355,471 shares of the company’s stock worth $84,453,000 after buying an additional 85,475 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Price Performance

Shares of First Trust Institutional Preferred Securities and Income ETF stock opened at $19.26 on Thursday. The business’s 50 day simple moving average is $19.25 and its 200 day simple moving average is $19.30. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $18.71 and a 52-week high of $19.61.

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