First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Shares Sold by Platform Technology Partners

Platform Technology Partners cut its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 24.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,455 shares of the company’s stock after selling 21,334 shares during the quarter. Platform Technology Partners owned 0.09% of First Trust Institutional Preferred Securities and Income ETF worth $1,224,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of FPEI. Northwestern Mutual Wealth Management Co. lifted its holdings in 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 in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at $209,000. Fiduciary Trust Co purchased a new position in First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at $263,000. NBC Securities Inc. grew its stake in First Trust Institutional Preferred Securities and Income ETF by 50.4% during the 3rd quarter. NBC Securities Inc. now owns 15,178 shares of the company’s stock worth $289,000 after purchasing an additional 5,087 shares in the last quarter. Finally, Hobbs Group Advisors LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth about $289,000.

First Trust Institutional Preferred Securities and Income ETF Price Performance

FPEI stock opened at $18.80 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $17.89 and a 1 year high of $19.11. The business’s 50-day moving average is $18.73 and its two-hundred day moving average is $18.77.

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.