Harbour Investments Inc. Trims Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Harbour Investments Inc. decreased its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 30.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,348 shares of the company’s stock after selling 6,733 shares during the quarter. Harbour Investments Inc.’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $293,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Jaffetilchin Investment Partners LLC raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 1.2% in the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 44,969 shares of the company’s stock worth $858,000 after purchasing an additional 537 shares in the last quarter. Beacon Financial Advisory LLC increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 35.3% during the third quarter. Beacon Financial Advisory LLC now owns 32,935 shares of the company’s stock valued at $628,000 after buying an additional 8,586 shares during the period. Key Financial Inc raised its stake in First Trust Institutional Preferred Securities and Income ETF by 8.3% in the third quarter. Key Financial Inc now owns 968,389 shares of the company’s stock worth $18,467,000 after buying an additional 74,532 shares in the last quarter. Summit Wealth Partners LLC lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 61.6% in the third quarter. Summit Wealth Partners LLC now owns 178,813 shares of the company’s stock worth $3,410,000 after buying an additional 68,142 shares during the period. Finally, US Bancorp DE boosted its position in First Trust Institutional Preferred Securities and Income ETF by 52.3% during the 3rd quarter. US Bancorp DE now owns 32,171 shares of the company’s stock valued at $614,000 after acquiring an additional 11,053 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA:FPEI opened at $18.86 on Monday. The stock has a 50 day moving average price of $18.92 and a 200-day moving average price of $18.61. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.00 and a 52-week 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.