Janney Montgomery Scott LLC Has $1.87 Million Stock Holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Janney Montgomery Scott LLC cut its position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 13.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,910 shares of the company’s stock after selling 15,192 shares during the period. Janney Montgomery Scott LLC owned 0.14% of First Trust Institutional Preferred Securities and Income ETF worth $1,867,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of FPEI. Zions Bancorporation N.A. acquired a new position in First Trust Institutional Preferred Securities and Income ETF in the 2nd quarter valued at about $92,000. International Assets Investment Management LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the 2nd quarter valued at about $157,000. Wedmont Private Capital bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the 2nd quarter valued at about $186,000. Northwestern Mutual Wealth Management Co. boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 82.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,645 shares of the company’s stock valued at $196,000 after purchasing an additional 4,824 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at about $209,000.

First Trust Institutional Preferred Securities and Income ETF Price Performance

NYSEARCA FPEI opened at $18.86 on Thursday. First Trust Institutional Preferred Securities and Income ETF has a 12-month low of $17.00 and a 12-month high of $19.11. The firm has a 50-day moving average price of $18.92 and a two-hundred day moving average price of $18.60.

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.