First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Stock Position Increased by Key Financial Inc

Key Financial Inc raised its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 8.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 968,389 shares of the company’s stock after buying an additional 74,532 shares during the period. First Trust Institutional Preferred Securities and Income ETF comprises 4.1% of Key Financial Inc’s investment portfolio, making the stock its 2nd biggest position. Key Financial Inc owned approximately 1.39% of First Trust Institutional Preferred Securities and Income ETF worth $18,467,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. PNC Financial Services Group Inc. acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at $45,000. Zions Bancorporation N.A. acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the second quarter valued at about $92,000. International Assets Investment Management LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the second quarter worth about $157,000. Wedmont Private Capital acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 2nd quarter worth about $186,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 82.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,645 shares of the company’s stock valued at $196,000 after buying an additional 4,824 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

FPEI stock remained flat at $18.75 during trading on Friday. The company had a trading volume of 184,041 shares, compared to its average volume of 313,962. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $16.71 and a 12 month high of $19.11. The business’s fifty day moving average price is $18.91 and its 200-day moving average price is $18.55.

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.