B. Riley Wealth Advisors Inc. Sells 6,040 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

B. Riley Wealth Advisors Inc. cut its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 13.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,905 shares of the company’s stock after selling 6,040 shares during the quarter. B. Riley Wealth Advisors Inc. owned 0.06% of First Trust Institutional Preferred Securities and Income ETF worth $760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Zions Bancorporation N.A. bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 2nd quarter worth $92,000. International Assets Investment Management LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF during the second quarter worth about $157,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 82.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,645 shares of the company’s stock worth $196,000 after purchasing an additional 4,824 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at about $209,000. Finally, Balanced Rock Investment Advisors LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 2nd quarter valued at about $219,000.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

NYSEARCA:FPEI opened at $18.68 on Thursday. The business has a 50 day moving average of $18.85 and a 200 day moving average of $18.71. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $17.68 and a 1-year 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.