ARS Wealth Advisors Group LLC Trims Stock Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

ARS Wealth Advisors Group LLC trimmed its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 13.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,640 shares of the company’s stock after selling 2,500 shares during the period. ARS Wealth Advisors Group LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $292,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of FPEI. Jane Street Group LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at approximately $1,468,000. MML Investors Services LLC boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 21.8% during the 3rd quarter. MML Investors Services LLC now owns 16,341 shares of the company’s stock valued at $312,000 after buying an additional 2,925 shares in the last quarter. US Bancorp DE grew its position in shares of First Trust Institutional Preferred Securities and Income ETF by 52.3% in the 3rd quarter. US Bancorp DE now owns 32,171 shares of the company’s stock worth $614,000 after buying an additional 11,053 shares during the period. Envestnet Asset Management Inc. grew its position in shares of First Trust Institutional Preferred Securities and Income ETF by 8.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,388,483 shares of the company’s stock worth $25,506,000 after buying an additional 108,761 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 2nd quarter worth about $514,000.

First Trust Institutional Preferred Securities and Income ETF Price Performance

NYSEARCA:FPEI opened at $18.68 on Thursday. First Trust Institutional Preferred Securities and Income ETF has a one year low of $17.74 and a one year high of $19.11. The company’s 50-day simple moving average is $18.77 and its 200 day simple moving average is $18.75.

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.