First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) is Essex LLC’s 7th Largest Position

Essex LLC reduced its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 840,706 shares of the company’s stock after selling 36,533 shares during the period. First Trust Institutional Preferred Securities and Income ETF comprises about 3.3% of Essex LLC’s portfolio, making the stock its 7th biggest holding. Essex LLC owned about 1.21% of First Trust Institutional Preferred Securities and Income ETF worth $15,721,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC lifted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 13.0% during the 4th quarter. Kingsview Wealth Management LLC now owns 255,039 shares of the company’s stock valued at $4,769,000 after buying an additional 29,319 shares in the last quarter. Silver Oak Securities Incorporated grew its position in shares of First Trust Institutional Preferred Securities and Income ETF by 18.7% in the fourth quarter. Silver Oak Securities Incorporated now owns 30,515 shares of the company’s stock valued at $571,000 after purchasing an additional 4,798 shares during the period. Financial Advocates Investment Management increased its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 7.3% during the fourth quarter. Financial Advocates Investment Management now owns 109,639 shares of the company’s stock worth $2,050,000 after purchasing an additional 7,418 shares in the last quarter. Beacon Financial Advisory LLC raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 37.2% during the 4th quarter. Beacon Financial Advisory LLC now owns 45,196 shares of the company’s stock worth $845,000 after purchasing an additional 12,261 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 41.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,350 shares of the company’s stock valued at $1,110,000 after buying an additional 17,350 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

NYSEARCA:FPEI opened at $18.80 on Friday. The stock has a 50 day moving average of $18.73 and a two-hundred day moving average of $18.77. 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.