First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Shares Sold by Raymond James & Associates

Raymond James & Associates reduced its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 490,573 shares of the company’s stock after selling 20,501 shares during the period. Raymond James & Associates owned 0.71% of First Trust Institutional Preferred Securities and Income ETF worth $9,355,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Avenue Securities LLC lifted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 12.0% during the 2nd quarter. Park Avenue Securities LLC now owns 51,972 shares of the company’s stock worth $955,000 after acquiring an additional 5,575 shares during the period. Envestnet Asset Management Inc. increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 8.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,388,483 shares of the company’s stock worth $25,506,000 after purchasing an additional 108,761 shares during the last quarter. Sanctuary Advisors LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF during the 2nd quarter valued at $514,000. PNC Financial Services Group Inc. acquired a new position in First Trust Institutional Preferred Securities and Income ETF in the fourth quarter worth about $45,000. Finally, Janney Montgomery Scott LLC raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 7.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 592,930 shares of the company’s stock valued at $10,803,000 after acquiring an additional 39,986 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of FPEI stock opened at $18.79 on Wednesday. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $16.46 and a 52 week high of $19.11. The business has a 50 day moving average of $18.90 and a two-hundred day moving average of $18.53.

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.