Sanctuary Advisors LLC Sells 14,821 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Sanctuary Advisors LLC decreased its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 51.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,789 shares of the company’s stock after selling 14,821 shares during the period. Sanctuary Advisors LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $258,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Zions Bancorporation N.A. bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the 2nd quarter valued at $92,000. International Assets Investment Management LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 2nd quarter worth about $157,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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 worth $196,000 after buying an additional 4,824 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at about $209,000. Finally, Balanced Rock Investment Advisors LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF in the 2nd quarter valued at about $219,000.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of FPEI stock opened at $18.70 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 12-month low of $17.68 and a 12-month high of $19.11. The firm has a 50 day moving average price of $18.81 and a two-hundred day moving average price of $18.72.

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.