First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Shares Sold by Spire Wealth Management

Spire Wealth Management lowered its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 56,597 shares of the company’s stock after selling 2,188 shares during the quarter. Spire Wealth Management’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $1,011,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in FPEI. GUNN & Co INVESTMENT MANAGEMENT INC. boosted its stake in First Trust Institutional Preferred Securities and Income ETF by 1,551.9% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 2,029,706 shares of the company’s stock worth $36,190,000 after purchasing an additional 1,906,834 shares during the period. UBS Group AG grew its position in First Trust Institutional Preferred Securities and Income ETF by 32.4% during the third quarter. UBS Group AG now owns 6,363,876 shares of the company’s stock valued at $107,422,000 after purchasing an additional 1,557,412 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co acquired a new position in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at approximately $10,466,000. Key Financial Inc lifted its position in First Trust Institutional Preferred Securities and Income ETF by 94.6% in the 4th quarter. Key Financial Inc now owns 832,976 shares of the company’s stock worth $14,852,000 after buying an additional 404,949 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 15.3% during the 3rd quarter. LPL Financial LLC now owns 2,424,917 shares of the company’s stock valued at $40,933,000 after buying an additional 322,097 shares during the period.

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

NYSEARCA FPEI opened at $18.18 on Thursday. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $16.44 and a 1-year high of $18.28. The firm’s fifty day simple moving average is $18.12 and its 200-day simple moving average is $17.74.

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.