Spire Wealth Management Decreases Stock Holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Spire Wealth Management lowered its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,597 shares of the company’s stock after selling 2,188 shares during the period. Spire Wealth Management owned approximately 0.10% of First Trust Institutional Preferred Securities and Income ETF worth $1,011,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FPEI. Wagner Wealth Management LLC grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 5.3% during the fourth quarter. Wagner Wealth Management LLC now owns 17,750 shares of the company’s stock worth $316,000 after acquiring an additional 898 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 12.6% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 86,033 shares of the company’s stock worth $1,452,000 after buying an additional 9,599 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 19.9% during the third quarter. Envestnet Asset Management Inc. now owns 624,511 shares of the company’s stock worth $10,542,000 after buying an additional 103,612 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter valued at $314,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 18.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 727,866 shares of the company’s stock valued at $12,978,000 after acquiring an additional 115,730 shares during the period.

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

FPEI stock opened at $18.18 on Thursday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $16.44 and a 12 month high of $18.28. The firm’s fifty day simple moving average is $18.12 and its 200-day simple moving average is $17.74.

First Trust Institutional Preferred Securities and Income ETF Company 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.