First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Shares Sold by Concourse Financial Group Securities Inc.

Concourse Financial Group Securities Inc. reduced its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 40.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,398 shares of the company’s stock after selling 1,604 shares during the period. Concourse Financial Group Securities Inc.’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $46,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in FPEI. Magnus Financial Group LLC lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 1.2% during the second quarter. Magnus Financial Group LLC now owns 46,765 shares of the company’s stock valued at $859,000 after purchasing an additional 547 shares during the last quarter. NewEdge Advisors LLC lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 0.8% during the second quarter. NewEdge Advisors LLC now owns 79,641 shares of the company’s stock valued at $1,463,000 after purchasing an additional 637 shares during the last quarter. Csenge Advisory Group lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 8.6% during the first quarter. Csenge Advisory Group now owns 10,938 shares of the company’s stock valued at $199,000 after purchasing an additional 866 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 1.2% during the second quarter. Nations Financial Group Inc. IA ADV now owns 74,385 shares of the company’s stock valued at $1,366,000 after purchasing an additional 875 shares during the last quarter. Finally, Clarus Wealth Advisors lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 3.3% during the second quarter. Clarus Wealth Advisors now owns 30,136 shares of the company’s stock valued at $556,000 after purchasing an additional 971 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Price Performance

FPEI stock opened at $19.01 on Tuesday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $16.44 and a 12 month high of $19.11. The firm has a 50 day simple moving average of $18.88 and a 200 day simple moving average of $18.51.

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.