Welch & Forbes LLC Has $3.15 Million Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Welch & Forbes LLC lessened its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 2.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 176,424 shares of the company’s stock after selling 4,200 shares during the period. Welch & Forbes LLC owned about 0.31% of First Trust Institutional Preferred Securities and Income ETF worth $3,146,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in FPEI. UBS Group AG raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 32.4% in the third quarter. UBS Group AG now owns 6,363,876 shares of the company’s stock valued at $107,422,000 after buying an additional 1,557,412 shares during the last quarter. LPL Financial LLC grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 15.3% during the third quarter. LPL Financial LLC now owns 2,424,917 shares of the company’s stock valued at $40,933,000 after purchasing an additional 322,097 shares during the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. increased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 1,551.9% in the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 2,029,706 shares of the company’s stock valued at $36,190,000 after purchasing an additional 1,906,834 shares in the last quarter. Essex LLC raised its position in First Trust Institutional Preferred Securities and Income ETF by 4.0% in the 4th quarter. Essex LLC now owns 897,789 shares of the company’s stock worth $16,008,000 after purchasing an additional 34,875 shares during the last quarter. Finally, Key Financial Inc lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 94.6% during the 4th quarter. Key Financial Inc now owns 832,976 shares of the company’s stock worth $14,852,000 after buying an additional 404,949 shares in the last quarter.

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

FPEI traded up $0.02 during mid-day trading on Tuesday, reaching $18.23. The stock had a trading volume of 179,756 shares, compared to its average volume of 321,131. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $16.41 and a 52 week high of $18.28. The firm’s fifty day simple moving average is $18.11 and its two-hundred day simple moving average is $17.73.

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.