Shelton Wealth Management LLC Has $2.94 Million Stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Shelton Wealth Management LLC reduced its position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 157,219 shares of the company’s stock after selling 12,723 shares during the period. First Trust Institutional Preferred Securities and Income ETF makes up about 1.5% of Shelton Wealth Management LLC’s portfolio, making the stock its 15th biggest holding. Shelton Wealth Management LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $2,940,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 82.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,645 shares of the company’s stock valued at $196,000 after acquiring an additional 4,824 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter worth about $209,000. Park National Corp OH bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at approximately $236,000. Fiduciary Trust Co bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at $263,000. Finally, NBC Securities Inc. increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 50.4% in 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.

First Trust Institutional Preferred Securities and Income ETF Stock Up 0.2 %

First Trust Institutional Preferred Securities and Income ETF stock opened at $18.73 on Friday. The business has a 50 day moving average of $18.76 and a 200-day moving average of $18.75. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $17.78 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.