Raleigh Capital Management Inc. Sells 3,184 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Raleigh Capital Management Inc. cut its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 43.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,105 shares of the company’s stock after selling 3,184 shares during the period. Raleigh Capital Management Inc.’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $78,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. PNC Financial Services Group Inc. bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth $45,000. Park Avenue Securities LLC lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 305.3% in the first quarter. Park Avenue Securities LLC now owns 46,397 shares of the company’s stock valued at $845,000 after buying an additional 34,949 shares during the period. Global Assets Advisory LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 1st quarter valued at about $497,000. G&S Capital LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 1st quarter valued at approximately $3,407,000. Finally, Wealthcare Advisory Partners LLC raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 57.6% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 78,064 shares of the company’s stock valued at $1,422,000 after acquiring an additional 28,520 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Trading Down 0.2 %

FPEI stock opened at $18.89 on Wednesday. The business’s 50-day moving average price is $18.89 and its two-hundred day moving average price is $18.51. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $16.44 and a 1-year high of $19.11.

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.