B. Riley Wealth Advisors Inc. Lowers Stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

B. Riley Wealth Advisors Inc. lowered its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 13.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 39,905 shares of the company’s stock after selling 6,040 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $760,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Zions Bancorporation N.A. purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 2nd quarter worth approximately $92,000. International Assets Investment Management LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the second quarter worth $157,000. Northwestern Mutual Wealth Management Co. boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 82.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,645 shares of the company’s stock worth $196,000 after acquiring an additional 4,824 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter worth $209,000. Finally, Balanced Rock Investment Advisors LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the second quarter valued at $219,000.

First Trust Institutional Preferred Securities and Income ETF Stock Down 0.5 %

Shares of First Trust Institutional Preferred Securities and Income ETF stock opened at $18.68 on Thursday. The company has a 50-day simple moving average of $18.85 and a two-hundred day simple moving average of $18.71. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.68 and a 52-week high of $19.11.

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.