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

Clarus Wealth Advisors lessened its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 9.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 30,182 shares of the company’s stock after selling 3,190 shares during the period. Clarus Wealth Advisors owned about 0.05% of First Trust Institutional Preferred Securities and Income ETF worth $508,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. CoreCap Advisors LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth approximately $129,000. Sterling Manor Financial LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF during the 1st quarter valued at approximately $216,000. Ameritas Advisory Services LLC increased its stake in First Trust Institutional Preferred Securities and Income ETF by 5.0% during the 4th quarter. Ameritas Advisory Services LLC now owns 27,423 shares of the company’s stock valued at $488,000 after purchasing an additional 1,310 shares in the last quarter. Adamsbrown Wealth Consultants LLC increased its stake in First Trust Institutional Preferred Securities and Income ETF by 1.8% during the 1st quarter. Adamsbrown Wealth Consultants LLC now owns 547,395 shares of the company’s stock valued at $9,169,000 after purchasing an additional 9,715 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 153.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 253,938 shares of the company’s stock worth $4,253,000 after acquiring an additional 153,568 shares during the period.

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

Shares of NYSEARCA:FPEI traded up $0.03 during midday trading on Friday, reaching $17.16. The company’s stock had a trading volume of 338,742 shares, compared to its average volume of 458,195. First Trust Institutional Preferred Securities and Income ETF has a twelve month low of $16.10 and a twelve month high of $18.90. The stock has a fifty day moving average of $17.10 and a 200 day moving average of $16.96.

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.