Cetera Investment Advisers reduced its position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report) by 8.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 673,855 shares of the company’s stock after selling 58,221 shares during the period. Cetera Investment Advisers’ holdings in First Trust Institutional Preferred Securities and Income ETF were worth $12,803,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Morgan Stanley grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 11.9% in the 4th quarter. Morgan Stanley now owns 18,537,923 shares of the company’s stock valued at $359,450,000 after buying an additional 1,976,898 shares in the last quarter. UBS Group AG lifted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 2.0% during the fourth quarter. UBS Group AG now owns 9,002,698 shares of the company’s stock worth $174,562,000 after buying an additional 175,526 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 5.2% during the fourth quarter. Royal Bank of Canada now owns 5,023,950 shares of the company’s stock worth $97,415,000 after buying an additional 249,812 shares in the last quarter. Bank of America Corp DE boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 4.6% in the third quarter. Bank of America Corp DE now owns 4,544,959 shares of the company’s stock valued at $87,900,000 after acquiring an additional 200,889 shares during the period. Finally, LPL Financial LLC boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 2.0% in the fourth quarter. LPL Financial LLC now owns 4,355,471 shares of the company’s stock valued at $84,453,000 after acquiring an additional 85,475 shares during the period.
First Trust Institutional Preferred Securities and Income ETF Stock Performance
FPEI stock opened at $19.05 on Thursday. The company’s 50-day simple moving average is $19.23 and its 200 day simple moving average is $19.28. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $18.71 and a 52 week high of $19.61.
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. FPEI was launched on Aug 22, 2017 and is managed by First Trust.
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