Sigma Planning Corp Raises Stock Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Sigma Planning Corp grew its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,889 shares of the company’s stock after buying an additional 2,343 shares during the period. Sigma Planning Corp’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $1,438,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in FPEI. Global Retirement Partners LLC increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 151.5% during the 4th quarter. Global Retirement Partners LLC now owns 3,036 shares of the company’s stock worth $57,000 after purchasing an additional 1,829 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at about $209,000. Fiduciary Trust Co purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at approximately $263,000. Hobbs Group Advisors LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter worth approximately $289,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter worth approximately $299,000.

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

First Trust Institutional Preferred Securities and Income ETF stock opened at $18.76 on Tuesday. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $17.90 and a fifty-two week high of $19.11. The firm has a 50 day moving average price of $18.72 and a 200 day moving average price of $18.80.

First Trust Institutional Preferred Securities and Income ETF 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.