Sigma Planning Corp Sells 38,373 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Sigma Planning Corp lowered its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 49.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,790 shares of the company’s stock after selling 38,373 shares during the period. Sigma Planning Corp owned 0.07% of First Trust Institutional Preferred Securities and Income ETF worth $692,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Wagner Wealth Management LLC lifted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 5.3% in the fourth quarter. Wagner Wealth Management LLC now owns 17,750 shares of the company’s stock valued at $316,000 after purchasing an additional 898 shares in the last quarter. Dunhill Financial LLC lifted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 3.2% in the third quarter. Dunhill Financial LLC now owns 40,984 shares of the company’s stock valued at $682,000 after purchasing an additional 1,277 shares in the last quarter. Sutton Place Investors LLC lifted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 1.4% in the fourth quarter. Sutton Place Investors LLC now owns 112,110 shares of the company’s stock valued at $1,999,000 after purchasing an additional 1,500 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 4.2% during the third quarter. Stratos Wealth Partners LTD. now owns 47,748 shares of the company’s stock valued at $806,000 after acquiring an additional 1,938 shares during the last quarter. Finally, RFG Advisory LLC increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 4.0% during the fourth quarter. RFG Advisory LLC now owns 58,466 shares of the company’s stock valued at $1,042,000 after acquiring an additional 2,226 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Down 0.1 %

Shares of FPEI opened at $17.96 on Thursday. The stock has a 50 day moving average of $18.11 and a 200 day moving average of $17.64. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $16.39 and a 12 month high of $18.28.

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.