First Trust Institutional Preferred Securities and Income ETF $FPEI Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC decreased its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 73.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,700 shares of the company’s stock after selling 29,100 shares during the period. Kingswood Wealth Advisors LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $203,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FPEI. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 55.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,095 shares of the company’s stock valued at $320,000 after buying an additional 6,117 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 126.9% in the 1st quarter. Farther Finance Advisors LLC now owns 3,410 shares of the company’s stock valued at $64,000 after buying an additional 1,907 shares in the last quarter. Integrated Advisors Network LLC boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 36.0% in the 1st quarter. Integrated Advisors Network LLC now owns 23,298 shares of the company’s stock valued at $436,000 after buying an additional 6,166 shares in the last quarter. Lakeridge Wealth Management LLC boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 3.3% in the 1st quarter. Lakeridge Wealth Management LLC now owns 77,552 shares of the company’s stock valued at $1,450,000 after buying an additional 2,478 shares in the last quarter. Finally, Inscription Capital LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 1st quarter valued at $600,000.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of First Trust Institutional Preferred Securities and Income ETF stock opened at $19.25 on Friday. The company has a fifty day simple moving average of $19.26 and a 200-day simple moving average of $18.88. First Trust Institutional Preferred Securities and Income ETF has a 12-month low of $17.81 and a 12-month high of $19.48.

First Trust Institutional Preferred Securities and Income ETF 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.