Arkadios Wealth Advisors Decreases Stock Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Arkadios Wealth Advisors reduced its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 4.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 36,001 shares of the company’s stock after selling 1,540 shares during the period. Arkadios Wealth Advisors’ holdings in First Trust Institutional Preferred Securities and Income ETF were worth $673,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of FPEI. Northwestern Mutual Wealth Management Co. boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 82.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,645 shares of the company’s stock valued at $196,000 after purchasing an additional 4,824 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at approximately $209,000. Park National Corp OH acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter worth approximately $236,000. Fiduciary Trust Co bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter worth $263,000. Finally, NBC Securities Inc. increased its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 50.4% in the third quarter. NBC Securities Inc. now owns 15,178 shares of the company’s stock worth $289,000 after buying an additional 5,087 shares during the last quarter.

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

NYSEARCA FPEI opened at $18.73 on Tuesday. The company’s fifty day moving average price is $18.76 and its two-hundred day moving average price is $18.76. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $17.78 and a 12 month high of $19.11.

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.