First Trust Institutional Preferred Securities and Income ETF $FPEI Stock: Sigma Planning Corp Trims Position

Sigma Planning Corp decreased its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 69.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 109,771 shares of the company’s stock after selling 251,231 shares during the period. Sigma Planning Corp owned about 0.11% of First Trust Institutional Preferred Securities and Income ETF worth $2,024,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ORBA Wealth Advisors L.L.C. acquired a new stake in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at $302,000. Citizens Financial Group Inc. RI acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter worth $17,582,000. Smith Chas P & Associates PA Cpas acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter worth $44,684,000. Magnus Financial Group LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter worth $909,000. Finally, Fifth Third Securities Inc. purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at $1,211,000.

First Trust Institutional Preferred Securities and Income ETF Trading Up 0.4%

Shares of FPEI stock opened at $18.37 on Wednesday. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $18.29 and a 1-year high of $19.61. The stock’s fifty day simple moving average is $18.72 and its 200-day simple moving average is $19.13.

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. FPEI was launched on Aug 22, 2017 and is managed by First Trust.