Elevated Capital Advisors LLC Sells 2,107 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Elevated Capital Advisors LLC decreased its position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 0.5% in the third quarter, HoldingsChannel reports. The firm owned 406,304 shares of the company’s stock after selling 2,107 shares during the quarter. First Trust Institutional Preferred Securities and Income ETF accounts for 2.1% of Elevated Capital Advisors LLC’s portfolio, making the stock its 7th biggest position. Elevated Capital Advisors LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $7,748,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. acquired a new position in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter valued at $45,000. Park Avenue Securities LLC lifted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 305.3% in the 1st quarter. Park Avenue Securities LLC now owns 46,397 shares of the company’s stock valued at $845,000 after buying an additional 34,949 shares during the period. Global Assets Advisory LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the first quarter worth about $497,000. G&S Capital LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF during the first quarter worth about $3,407,000. Finally, Wealthcare Advisory Partners LLC raised its position in First Trust Institutional Preferred Securities and Income ETF by 57.6% during the first quarter. Wealthcare Advisory Partners LLC now owns 78,064 shares of the company’s stock valued at $1,422,000 after acquiring an additional 28,520 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA:FPEI opened at $18.89 on Wednesday. First Trust Institutional Preferred Securities and Income ETF has a 12-month low of $16.44 and a 12-month high of $19.11. The business has a 50 day moving average of $18.89 and a two-hundred day moving average of $18.51.

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.