Koshinski Asset Management Inc. decreased its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Get Rating) by 45.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,342 shares of the company's stock after selling 33,468 shares during the quarter. Koshinski Asset Management Inc. owned approximately 0.07% of First Trust Institutional Preferred Securities and Income ETF worth $718,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. AdvisorNet Financial Inc bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter valued at $36,000. Centaurus Financial Inc. bought a new position in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at about $100,000. Private Trust Co. NA acquired a new position in First Trust Institutional Preferred Securities and Income ETF in the fourth quarter valued at about $144,000. Cetera Advisor Networks LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF during the first quarter worth about $208,000. Finally, Cetera Investment Advisers bought a new stake in First Trust Institutional Preferred Securities and Income ETF during the first quarter worth about $225,000.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

NYSEARCA:FPEI opened at $16.79 on Wednesday. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $16.10 and a 1 year high of $19.45. The firm has a 50 day moving average of $17.85 and a 200-day moving average of $17.75.

First Trust Institutional Preferred Securities and Income ETF Company Profile

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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.

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