1776 Wealth LLC Sells 7,371 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

1776 Wealth LLC lowered its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 4.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 153,272 shares of the company’s stock after selling 7,371 shares during the period. First Trust Institutional Preferred Securities and Income ETF makes up approximately 1.3% of 1776 Wealth LLC’s holdings, making the stock its 17th biggest position. 1776 Wealth LLC owned approximately 0.22% of First Trust Institutional Preferred Securities and Income ETF worth $2,923,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Zions Bancorporation N.A. bought a new position in First Trust Institutional Preferred Securities and Income ETF in the second quarter valued at about $92,000. International Assets Investment Management LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the second quarter valued at about $157,000. Wedmont Private Capital bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the second quarter worth about $186,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 82.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,645 shares of the company’s stock worth $196,000 after acquiring an additional 4,824 shares during the period. Finally, 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 about $209,000.

First Trust Institutional Preferred Securities and Income ETF Trading Up 0.1 %

FPEI traded up $0.02 during trading on Friday, reaching $18.86. 178,058 shares of the company traded hands, compared to its average volume of 314,451. The firm has a fifty day simple moving average of $18.92 and a 200 day simple moving average of $18.61. First Trust Institutional Preferred Securities and Income ETF has a 12-month low of $17.00 and a 12-month 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.