Empirical Financial Services LLC d.b.a. Empirical Wealth Management Cuts Stock Position in First Trust Institutional Preferred Securities and Income ETF $FPEI

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lessened its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 5.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 67,867 shares of the company’s stock after selling 4,230 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management owned approximately 0.08% of First Trust Institutional Preferred Securities and Income ETF worth $1,289,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 126.9% in the 1st quarter. Farther Finance Advisors LLC now owns 3,410 shares of the company’s stock worth $64,000 after acquiring an additional 1,907 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 55.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,095 shares of the company’s stock worth $320,000 after buying an additional 6,117 shares in the last quarter. DAVENPORT & Co LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the first quarter worth $205,000. Kestra Private Wealth Services LLC grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 2.5% during the first quarter. Kestra Private Wealth Services LLC now owns 44,922 shares of the company’s stock worth $840,000 after buying an additional 1,115 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 48.8% during the first quarter. Avantax Advisory Services Inc. now owns 37,999 shares of the company’s stock worth $711,000 after buying an additional 12,470 shares in the last quarter.

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

First Trust Institutional Preferred Securities and Income ETF stock opened at $19.38 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.81 and a 52-week high of $19.48. The company has a fifty day simple moving average of $19.22 and a 200-day simple moving average of $18.86.

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.