Summit Wealth Partners LLC Lowers Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Summit Wealth Partners LLC decreased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,671 shares of the company’s stock after selling 1,081 shares during the quarter. Summit Wealth Partners LLC owned 0.16% of First Trust Institutional Preferred Securities and Income ETF worth $2,033,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. PNC Financial Services Group Inc. purchased a new stake in First Trust Institutional Preferred Securities and Income ETF in the fourth quarter worth approximately $45,000. Zions Bancorporation N.A. purchased a new stake in First Trust Institutional Preferred Securities and Income ETF during the second quarter valued at about $92,000. International Assets Investment Management LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the second quarter worth about $157,000. Wedmont Private Capital bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 2nd quarter valued at about $186,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 82.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,645 shares of the company’s stock valued at $196,000 after acquiring an additional 4,824 shares during the period.

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

Shares of First Trust Institutional Preferred Securities and Income ETF stock opened at $19.04 on Wednesday. First Trust Institutional Preferred Securities and Income ETF has a one year low of $16.44 and a one year high of $19.11. The business’s 50 day simple moving average is $18.73 and its two-hundred day simple moving average is $18.43.

First Trust Institutional Preferred Securities and Income ETF Company 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.