Princeton Global Asset Management LLC Sells 8,798 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Princeton Global Asset Management LLC decreased its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 11.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,339 shares of the company’s stock after selling 8,798 shares during the period. Princeton Global Asset Management LLC owned about 0.08% of First Trust Institutional Preferred Securities and Income ETF worth $1,297,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of FPEI. Stratos Wealth Partners LTD. grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 1.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 56,821 shares of the company’s stock worth $1,063,000 after acquiring an additional 656 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in First Trust Institutional Preferred Securities and Income ETF by 41.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,350 shares of the company’s stock worth $1,110,000 after purchasing an additional 17,350 shares during the period. Financial Advocates Investment Management boosted its position in First Trust Institutional Preferred Securities and Income ETF by 7.3% during the fourth quarter. Financial Advocates Investment Management now owns 109,639 shares of the company’s stock worth $2,050,000 after purchasing an additional 7,418 shares during the period. Silver Oak Securities Incorporated increased its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 18.7% in the fourth quarter. Silver Oak Securities Incorporated now owns 30,515 shares of the company’s stock worth $571,000 after purchasing an additional 4,798 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 13.0% in the fourth quarter. Kingsview Wealth Management LLC now owns 255,039 shares of the company’s stock valued at $4,769,000 after purchasing an additional 29,319 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of FPEI stock opened at $18.82 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $17.81 and a 12 month high of $19.11. The firm’s 50 day moving average is $18.46 and its 200 day moving average is $18.65.

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.