First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Shares Sold by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC lessened its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 20.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 787,354 shares of the company’s stock after selling 203,928 shares during the period. Miracle Mile Advisors LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $14,346,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. purchased a new position in First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at approximately $198,000. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 19.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 624,511 shares of the company’s stock valued at $10,542,000 after buying an additional 103,612 shares in the last quarter. Stifel Financial Corp grew its position in shares of First Trust Institutional Preferred Securities and Income ETF by 1.8% in the 3rd quarter. Stifel Financial Corp now owns 279,519 shares of the company’s stock valued at $4,718,000 after buying an additional 5,070 shares during the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new stake in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth $2,074,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in First Trust Institutional Preferred Securities and Income ETF by 18.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 727,866 shares of the company’s stock worth $12,978,000 after acquiring an additional 115,730 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

NYSEARCA FPEI traded down $0.01 during trading hours on Monday, hitting $18.36. The company had a trading volume of 383,831 shares, compared to its average volume of 295,627. The business has a 50 day moving average of $18.25 and a 200-day moving average of $18.09. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $16.44 and a 1-year high of $18.46.

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.