Essex LLC Has $14.50 Million Stock Position in First Trust Institutional Preferred Securities and Income ETF $FPEI

Essex LLC lowered its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 5.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 763,618 shares of the company’s stock after selling 42,343 shares during the period. First Trust Institutional Preferred Securities and Income ETF accounts for about 2.9% of Essex LLC’s holdings, making the stock its 8th largest holding. Essex LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $14,501,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 126.9% in the first quarter. Farther Finance Advisors LLC now owns 3,410 shares of the company’s stock worth $64,000 after acquiring an additional 1,907 shares in the last quarter. Continuum Advisory LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 1st quarter worth about $68,000. Zions Bancorporation National Association UT bought a new position in First Trust Institutional Preferred Securities and Income ETF in the 1st quarter worth about $94,000. Greenwood Capital Associates LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF during the 2nd quarter valued at about $202,000. Finally, DAVENPORT & Co LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF during the 1st quarter valued at about $205,000.

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

Shares of First Trust Institutional Preferred Securities and Income ETF stock opened at $19.29 on Wednesday. The company has a 50-day simple moving average of $19.27 and a two-hundred day simple moving average of $18.89. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.81 and a 52-week high of $19.48.

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.