Wagner Wealth Management LLC Sells 1,767 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Wagner Wealth Management LLC cut its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 10.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,842 shares of the company’s stock after selling 1,767 shares during the quarter. Wagner Wealth Management LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $278,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jaffetilchin Investment Partners LLC raised its stake in First Trust Institutional Preferred Securities and Income ETF by 1.2% in the third quarter. Jaffetilchin Investment Partners LLC now owns 44,969 shares of the company’s stock worth $858,000 after buying an additional 537 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 1.2% during the fourth quarter. Stratos Wealth Partners LTD. now owns 56,821 shares of the company’s stock valued at $1,063,000 after purchasing an additional 656 shares in the last quarter. Sutton Place Investors LLC boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 0.9% during the fourth quarter. Sutton Place Investors LLC now owns 115,978 shares of the company’s stock valued at $2,169,000 after purchasing an additional 983 shares in the last quarter. Walker Asset Management LLC grew its stake in First Trust Institutional Preferred Securities and Income ETF by 1.2% in the fourth quarter. Walker Asset Management LLC now owns 83,390 shares of the company’s stock worth $1,559,000 after purchasing an additional 1,000 shares during the period. Finally, Trustmark National Bank Trust Department raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 4.7% in the third quarter. Trustmark National Bank Trust Department now owns 29,590 shares of the company’s stock worth $564,000 after purchasing an additional 1,331 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of FPEI stock opened at $18.80 on Monday. The company’s fifty day moving average price is $18.73 and its 200-day moving average price is $18.78. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $17.89 and a 12 month 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.