Essex LLC Decreases Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Essex LLC reduced its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 877,239 shares of the company’s stock after selling 7,162 shares during the quarter. First Trust Institutional Preferred Securities and Income ETF accounts for about 3.4% of Essex LLC’s holdings, making the stock its 6th biggest holding. Essex LLC owned approximately 1.26% of First Trust Institutional Preferred Securities and Income ETF worth $16,729,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. LPL Financial LLC increased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 14.3% during the second quarter. LPL Financial LLC now owns 2,835,054 shares of the company’s stock worth $52,080,000 after buying an additional 353,767 shares in the last quarter. Smith Chas P & Associates PA Cpas grew its position in First Trust Institutional Preferred Securities and Income ETF by 0.7% during the 2nd quarter. Smith Chas P & Associates PA Cpas now owns 2,117,629 shares of the company’s stock worth $38,901,000 after acquiring an additional 13,776 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 8.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,388,483 shares of the company’s stock worth $25,506,000 after purchasing an additional 108,761 shares in the last quarter. Citizens Business Bank raised its position in First Trust Institutional Preferred Securities and Income ETF by 0.7% in the first quarter. Citizens Business Bank now owns 979,784 shares of the company’s stock valued at $17,852,000 after purchasing an additional 6,956 shares during the last quarter. Finally, Key Financial Inc boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 1.3% during the second quarter. Key Financial Inc now owns 893,857 shares of the company’s stock valued at $16,420,000 after purchasing an additional 11,282 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Down 0.1 %

First Trust Institutional Preferred Securities and Income ETF stock opened at $19.04 on Friday. The business has a 50 day moving average of $18.87 and a 200-day moving average of $18.50. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $16.44 and a 1 year high of $19.11.

About First Trust Institutional Preferred Securities and Income ETF

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.