Accel Wealth Management Reduces Stock Holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Accel Wealth Management reduced its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,986 shares of the company’s stock after selling 951 shares during the quarter. Accel Wealth Management’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 82.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,645 shares of the company’s stock valued at $196,000 after buying an additional 4,824 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter worth $209,000. Park National Corp OH purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter worth $236,000. Fiduciary Trust Co bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter worth $263,000. Finally, NBC Securities Inc. grew its position in shares of First Trust Institutional Preferred Securities and Income ETF by 50.4% in the third quarter. NBC Securities Inc. now owns 15,178 shares of the company’s stock valued at $289,000 after purchasing an additional 5,087 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

NYSEARCA:FPEI opened at $18.66 on Friday. The business’s fifty day moving average is $18.75 and its 200 day moving average is $18.76. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.89 and a 52-week 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.