B. Riley Wealth Advisors Inc. Sells 2,425 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

B. Riley Wealth Advisors Inc. reduced its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 6.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 38,329 shares of the company’s stock after selling 2,425 shares during the period. B. Riley Wealth Advisors Inc. owned about 0.07% of First Trust Institutional Preferred Securities and Income ETF worth $683,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Beacon Financial Group increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 0.7% during the 4th quarter. Beacon Financial Group now owns 203,245 shares of the company’s stock worth $3,624,000 after purchasing an additional 1,456 shares during the period. Comerica Bank increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 24.8% during the 4th quarter. Comerica Bank now owns 62,537 shares of the company’s stock worth $1,115,000 after purchasing an additional 12,441 shares during the period. Visionary Wealth Advisors purchased a new position in First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth $1,544,000. Steward Partners Investment Advisory LLC increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 31.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 55,256 shares of the company’s stock worth $985,000 after purchasing an additional 13,136 shares during the period. Finally, UBS Group AG increased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 0.9% in the 4th quarter. UBS Group AG now owns 6,423,576 shares of the company’s stock valued at $114,532,000 after acquiring an additional 59,700 shares during the period.

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

Shares of NYSEARCA:FPEI opened at $18.41 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 12-month low of $16.44 and a 12-month high of $18.43. The business’s fifty day simple moving average is $18.21 and its 200-day simple moving average is $18.05.

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.