Atria Wealth Solutions Inc. Sells 15,717 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Atria Wealth Solutions Inc. lessened its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 19.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 63,503 shares of the company’s stock after selling 15,717 shares during the period. Atria Wealth Solutions Inc.’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $1,132,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NBC Securities Inc. bought a new position in First Trust Institutional Preferred Securities and Income ETF during the third quarter worth about $176,000. Envestnet Portfolio Solutions Inc. bought a new position in First Trust Institutional Preferred Securities and Income ETF during the third quarter worth about $198,000. Kingswood Wealth Advisors LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth about $314,000. Wagner Wealth Management LLC lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 5.3% during the fourth quarter. Wagner Wealth Management LLC now owns 17,750 shares of the company’s stock worth $316,000 after purchasing an additional 898 shares during the period. Finally, Koshinski Asset Management Inc. lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 26.0% during the fourth quarter. Koshinski Asset Management Inc. now owns 23,687 shares of the company’s stock worth $422,000 after purchasing an additional 4,895 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of FPEI opened at $18.02 on Thursday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $16.39 and a 12 month high of $18.28. The company has a 50-day moving average price of $18.10 and a two-hundred day moving average price of $17.69.

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.