Envestnet Portfolio Solutions Inc. Has $878,000 Position in First Trust Institutional Preferred Securities and Income ETF $FPEI

Envestnet Portfolio Solutions Inc. cut its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 41.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,232 shares of the company’s stock after selling 32,517 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $878,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. LPL Financial LLC lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 9.1% during the 1st quarter. LPL Financial LLC now owns 3,837,937 shares of the company’s stock worth $71,769,000 after buying an additional 319,485 shares during the period. Royal Bank of Canada lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 11.9% during the 1st quarter. Royal Bank of Canada now owns 3,334,754 shares of the company’s stock worth $62,360,000 after buying an additional 355,102 shares during the period. Envestnet Asset Management Inc. lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 18.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,463,341 shares of the company’s stock worth $46,064,000 after buying an additional 375,497 shares during the period. Smith Chas P & Associates PA Cpas lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 2.2% during the 2nd quarter. Smith Chas P & Associates PA Cpas now owns 2,292,114 shares of the company’s stock worth $43,527,000 after buying an additional 49,272 shares during the period. Finally, Merit Financial Group LLC lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 7.8% during the 2nd quarter. Merit Financial Group LLC now owns 1,556,456 shares of the company’s stock worth $29,557,000 after buying an additional 112,753 shares during the period.

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

Shares of FPEI opened at $19.49 on Monday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $17.81 and a 12 month high of $19.51. The stock’s 50-day moving average price is $19.29 and its two-hundred day moving average price is $18.91.

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.