Sigma Planning Corp decreased its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report) by 69.6% in the third quarter, Holdings Channel reports. The institutional investor owned 109,771 shares of the company’s stock after selling 251,231 shares during the quarter. Sigma Planning Corp’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $2,024,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of FPEI. Farther Finance Advisors LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at $126,000. Valmark Advisers Inc. acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the first quarter worth $192,000. Independent Financial Group LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the first quarter worth $199,000. Accel Wealth Management purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter worth $209,000. Finally, Integrated Advisors Network LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter worth $233,000.
First Trust Institutional Preferred Securities and Income ETF Price Performance
FPEI opened at $18.37 on Wednesday. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $18.29 and a 1 year high of $19.61. The stock has a fifty day moving average price of $18.72 and a 200 day moving average price of $19.13.
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.
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