Princeton Global Asset Management LLC Trims Stock Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Princeton Global Asset Management LLC trimmed its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 6.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 84,226 shares of the company’s stock after selling 5,748 shares during the quarter. Princeton Global Asset Management LLC owned 0.15% of First Trust Institutional Preferred Securities and Income ETF worth $1,502,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Clarus Wealth Advisors acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth approximately $534,000. Forum Private Client Group LLC purchased a new position in First Trust Institutional Preferred Securities and Income ETF in the fourth quarter valued at $661,000. Wagner Wealth Management LLC raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 5.3% in the fourth quarter. Wagner Wealth Management LLC now owns 17,750 shares of the company’s stock worth $316,000 after acquiring an additional 898 shares during the period. Flagstar Advisors Inc. purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth about $3,914,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 4th quarter valued at about $880,000.

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

Shares of NYSEARCA:FPEI traded down $0.02 during midday trading on Monday, reaching $18.20. 409,430 shares of the company’s stock traded hands, compared to its average volume of 331,646. The company has a fifty day simple moving average of $18.07 and a two-hundred day simple moving average of $17.50. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $16.39 and a 1 year high of $18.28.

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.