First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) is Citizens Business Bank’s 3rd Largest Position

Citizens Business Bank trimmed its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 972,828 shares of the company’s stock after selling 38,744 shares during the period. First Trust Institutional Preferred Securities and Income ETF comprises about 3.9% of Citizens Business Bank’s investment portfolio, making the stock its 3rd biggest position. Citizens Business Bank owned about 1.68% of First Trust Institutional Preferred Securities and Income ETF worth $17,346,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FPEI. NBC Securities Inc. purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter worth $176,000. Silver Oak Securities Incorporated bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at about $185,000. Envestnet Portfolio Solutions Inc. purchased a new position in First Trust Institutional Preferred Securities and Income ETF in the third quarter worth about $198,000. Kingswood Wealth Advisors LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth approximately $314,000. Finally, Wagner Wealth Management LLC increased its stake in 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.

First Trust Institutional Preferred Securities and Income ETF Trading Down 0.4 %

Shares of FPEI traded down $0.07 during midday trading on Tuesday, hitting $17.94. The stock had a trading volume of 282,491 shares, compared to its average volume of 322,920. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $16.39 and a 1 year high of $18.28. The stock’s 50 day moving average is $18.11 and its 200 day moving average is $17.68.

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.