Beacon Financial Advisory LLC Has $845,000 Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Beacon Financial Advisory LLC boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 37.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 45,196 shares of the company’s stock after acquiring an additional 12,261 shares during the period. Beacon Financial Advisory LLC owned 0.07% of First Trust Institutional Preferred Securities and Income ETF worth $845,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FPEI. Smith Chas P & Associates PA Cpas boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 1.8% in the 4th quarter. Smith Chas P & Associates PA Cpas now owns 2,158,373 shares of the company’s stock worth $40,362,000 after purchasing an additional 39,037 shares during the last quarter. Key Financial Inc boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 8.3% during the third quarter. Key Financial Inc now owns 968,389 shares of the company’s stock worth $18,467,000 after buying an additional 74,532 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of First Trust Institutional Preferred Securities and Income ETF by 202.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 933,926 shares of the company’s stock worth $17,810,000 after buying an additional 625,087 shares during the period. Adamsbrown Wealth Consultants LLC increased its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 15.8% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 762,208 shares of the company’s stock valued at $14,253,000 after acquiring an additional 103,885 shares during the last quarter. Finally, Citizens Financial Group Inc. RI increased its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 38.5% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 617,850 shares of the company’s stock valued at $11,782,000 after acquiring an additional 171,730 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Price Performance

First Trust Institutional Preferred Securities and Income ETF stock opened at $18.76 on Thursday. 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 company’s 50 day simple moving average is $18.73 and its 200 day simple moving average is $18.77.

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.