Accel Wealth Management Cuts Stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Accel Wealth Management trimmed its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 4.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 19,986 shares of the company’s stock after selling 951 shares during the quarter. Accel Wealth Management’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $374,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in FPEI. Northwestern Mutual Wealth Management Co. lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 82.9% in the second 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 during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter worth about $209,000. Park National Corp OH purchased a new stake in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at about $236,000. Fiduciary Trust Co bought a new position in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth approximately $263,000. Finally, NBC Securities Inc. grew its position in First Trust Institutional Preferred Securities and Income ETF by 50.4% during the 3rd quarter. NBC Securities Inc. now owns 15,178 shares of the company’s stock worth $289,000 after acquiring an additional 5,087 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of FPEI stock opened at $18.66 on Friday. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $17.89 and a fifty-two week high of $19.11. The stock has a 50 day moving average price of $18.75 and a two-hundred day moving average price of $18.76.

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.