American Institute for Advanced Investment Management LLP Reduces Stock Holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

American Institute for Advanced Investment Management LLP cut its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,750 shares of the company’s stock after selling 600 shares during the quarter. American Institute for Advanced Investment Management LLP’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $463,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Smith Chas P & Associates PA Cpas increased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 1.8% during the fourth quarter. Smith Chas P & Associates PA Cpas now owns 2,158,373 shares of the company’s stock valued at $40,362,000 after acquiring an additional 39,037 shares in the last quarter. Key Financial Inc increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 8.3% in the 3rd quarter. Key Financial Inc now owns 968,389 shares of the company’s stock valued at $18,467,000 after acquiring an additional 74,532 shares during the period. JPMorgan Chase & Co. raised its stake in First Trust Institutional Preferred Securities and Income ETF by 202.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 933,926 shares of the company’s stock worth $17,810,000 after acquiring an additional 625,087 shares during the last quarter. Truist Financial Corp lifted its position in First Trust Institutional Preferred Securities and Income ETF by 4.2% during the 2nd quarter. Truist Financial Corp now owns 764,290 shares of the company’s stock worth $14,040,000 after acquiring an additional 30,547 shares during the period. Finally, Adamsbrown Wealth Consultants LLC grew its stake in First Trust Institutional Preferred Securities and Income ETF by 6.1% during the 3rd quarter. Adamsbrown Wealth Consultants LLC now owns 658,323 shares of the company’s stock valued at $12,554,000 after purchasing an additional 37,664 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Price Performance

Shares of FPEI stock opened at $18.69 on Thursday. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $17.89 and a fifty-two week high of $19.11. The stock’s 50-day simple moving average is $18.74 and its 200-day simple moving average is $18.77.

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.