Castle Wealth Management LLC Trims Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Castle Wealth Management LLC lessened its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 12.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,085 shares of the company’s stock after selling 1,533 shares during the quarter. Castle Wealth Management LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $198,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in FPEI. Morgan Stanley lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 82.9% during the 4th quarter. Morgan Stanley now owns 9,641,987 shares of the company’s stock worth $171,724,000 after purchasing an additional 4,370,563 shares during the period. UBS Group AG lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 32.4% during the 3rd quarter. UBS Group AG now owns 6,363,876 shares of the company’s stock worth $107,422,000 after purchasing an additional 1,557,412 shares during the period. Royal Bank of Canada lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 27.0% during the 2nd quarter. Royal Bank of Canada now owns 3,492,541 shares of the company’s stock worth $58,850,000 after purchasing an additional 743,163 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth $10,466,000. Finally, Jane Street Group LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth $9,678,000.

First Trust Institutional Preferred Securities and Income ETF Trading Up 0.1 %

Shares of FPEI traded up $0.02 during trading hours on Friday, hitting $17.99. The stock had a trading volume of 95,456 shares, compared to its average volume of 322,826. The company’s fifty day simple moving average is $18.11 and its 200 day simple moving average is $17.60. First Trust Institutional Preferred Securities and Income ETF has a 12-month low of $16.39 and a 12-month high of $18.28.

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.