B. Riley Wealth Advisors Inc. Reduces Holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

B. Riley Wealth Advisors Inc. decreased its position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,329 shares of the company’s stock after selling 2,425 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $683,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in FPEI. Silver Oak Securities Incorporated purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth about $185,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter worth about $198,000. ARS Wealth Advisors Group LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth about $253,000. Kingswood Wealth Advisors LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth about $314,000. Finally, Wagner Wealth Management LLC grew its holdings 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 buying an additional 898 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Price Performance

NYSEARCA FPEI opened at $18.41 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $16.44 and a 52-week high of $18.43. The business’s 50-day moving average price is $18.21 and its 200 day moving average price is $18.05.

About First Trust Institutional Preferred Securities and Income ETF

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.