American Institute for Advanced Investment Management LLP Reduces Stock Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

American Institute for Advanced Investment Management LLP lessened its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEIFree Report) by 25.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,900 shares of the company’s stock after selling 4,867 shares during the quarter. American Institute for Advanced Investment Management LLP’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $248,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FPEI. Wagner Wealth Management LLC raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 5.3% in the 4th quarter. Wagner Wealth Management LLC now owns 17,750 shares of the company’s stock valued at $316,000 after purchasing an additional 898 shares in the last quarter. Dunhill Financial LLC boosted its stake in First Trust Institutional Preferred Securities and Income ETF by 3.2% during the third quarter. Dunhill Financial LLC now owns 40,984 shares of the company’s stock valued at $682,000 after buying an additional 1,277 shares in the last quarter. Cetera Advisor Networks LLC boosted its stake in First Trust Institutional Preferred Securities and Income ETF by 17.6% during the second quarter. Cetera Advisor Networks LLC now owns 12,630 shares of the company’s stock valued at $223,000 after buying an additional 1,890 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in First Trust Institutional Preferred Securities and Income ETF by 9.1% during the first quarter. Mercer Global Advisors Inc. ADV now owns 22,810 shares of the company’s stock valued at $382,000 after buying an additional 1,901 shares in the last quarter. Finally, Prospera Financial Services Inc boosted its stake in First Trust Institutional Preferred Securities and Income ETF by 4.5% during the first quarter. Prospera Financial Services Inc now owns 44,333 shares of the company’s stock valued at $743,000 after buying an additional 1,926 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Down 0.2 %

Shares of NYSEARCA FPEI opened at $18.17 on Thursday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $16.39 and a 12 month high of $18.28. The business has a fifty day simple moving average of $18.09 and a 200-day simple moving average of $17.52.

About First Trust Institutional Preferred Securities and Income ETF

(Free Report)

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.

See Also

Want to see what other hedge funds are holding FPEI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEIFree Report).

Institutional Ownership by Quarter for First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Receive News & Ratings for First Trust Institutional Preferred Securities and Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Institutional Preferred Securities and Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.