First Trust Institutional Preferred Securities and Income ETF $FPEI Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lessened its position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 42.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 66,499 shares of the company’s stock after selling 49,525 shares during the quarter. Park Avenue Securities LLC owned approximately 0.08% of First Trust Institutional Preferred Securities and Income ETF worth $1,263,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 126.9% during the 1st quarter. Farther Finance Advisors LLC now owns 3,410 shares of the company’s stock worth $64,000 after buying an additional 1,907 shares during the last quarter. Continuum Advisory LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 1st quarter worth $68,000. Zions Bancorporation National Association UT acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 1st quarter worth $94,000. DAVENPORT & Co LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 1st quarter worth $205,000. Finally, Advance Capital Management Inc. acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 1st quarter worth $206,000.

First Trust Institutional Preferred Securities and Income ETF Stock Down 0.6%

NYSEARCA:FPEI opened at $19.36 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.81 and a 52-week high of $19.48. The stock has a fifty day simple moving average of $19.18 and a 200-day simple moving average of $18.84.

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.