Marshall Financial Group LLC Sells 701 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Marshall Financial Group LLC cut its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 5.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,776 shares of the company’s stock after selling 701 shares during the period. Marshall Financial Group LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $216,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Park Avenue Securities LLC grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 12.0% during the second quarter. Park Avenue Securities LLC now owns 51,972 shares of the company’s stock worth $955,000 after purchasing an additional 5,575 shares in the last quarter. Kingsview Wealth Management LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth about $3,276,000. Wealthcare Advisory Partners LLC grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 22.1% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 49,544 shares of the company’s stock worth $883,000 after purchasing an additional 8,971 shares in the last quarter. PNC Financial Services Group Inc. purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth about $45,000. Finally, Avidian Wealth Solutions LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth about $2,156,000.

First Trust Institutional Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA FPEI opened at $18.65 on Monday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $16.44 and a 12 month high of $18.69. The business has a 50-day moving average of $18.46 and a 200-day moving average of $18.25.

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.