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

ARS Wealth Advisors Group LLC lessened its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 13.8% in the fourth quarter, HoldingsChannel reports. 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 filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Jaffetilchin Investment Partners LLC lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 1.2% in the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 44,969 shares of the company’s stock worth $858,000 after purchasing an additional 537 shares during the period. NewEdge Advisors LLC boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 0.8% during the 2nd quarter. NewEdge Advisors LLC now owns 79,641 shares of the company’s stock worth $1,463,000 after acquiring an additional 637 shares during the last quarter. Trustmark National Bank Trust Department grew its position in shares of First Trust Institutional Preferred Securities and Income ETF by 4.7% during the 3rd quarter. Trustmark National Bank Trust Department now owns 29,590 shares of the company’s stock valued at $564,000 after acquiring an additional 1,331 shares during the period. Prospera Financial Services Inc increased its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 3.8% in the 3rd quarter. Prospera Financial Services Inc now owns 42,842 shares of the company’s stock worth $817,000 after purchasing an additional 1,556 shares in the last quarter. Finally, Inscription Capital LLC increased its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 6.3% in the 3rd quarter. Inscription Capital LLC now owns 35,217 shares of the company’s stock worth $672,000 after purchasing an additional 2,085 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Trading Up 0.6 %

NYSEARCA FPEI opened at $18.68 on Thursday. The business’s fifty day moving average is $18.77 and its 200 day moving average is $18.75. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $17.74 and a fifty-two week high of $19.11.

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.