Twin Peaks Wealth Advisors LLC Purchases 611 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Twin Peaks Wealth Advisors LLC increased its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,928 shares of the company’s stock after acquiring an additional 611 shares during the quarter. Twin Peaks Wealth Advisors LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $1,008,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Jaffetilchin Investment Partners LLC boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 1.2% in the third quarter. Jaffetilchin Investment Partners LLC now owns 44,969 shares of the company’s stock valued at $858,000 after acquiring an additional 537 shares during the period. Gladstone Institutional Advisory LLC raised its stake in First Trust Institutional Preferred Securities and Income ETF by 1.1% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 53,835 shares of the company’s stock valued at $1,007,000 after purchasing an additional 575 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 1.2% during the fourth quarter. Stratos Wealth Partners LTD. now owns 56,821 shares of the company’s stock worth $1,063,000 after acquiring an additional 656 shares in the last quarter. Sutton Place Investors LLC raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 0.9% during the fourth quarter. Sutton Place Investors LLC now owns 115,978 shares of the company’s stock worth $2,169,000 after acquiring an additional 983 shares in the last quarter. Finally, Walker Asset Management LLC raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 1.2% during the fourth quarter. Walker Asset Management LLC now owns 83,390 shares of the company’s stock worth $1,559,000 after acquiring an additional 1,000 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Price Performance

FPEI stock opened at $18.76 on Tuesday. First Trust Institutional Preferred Securities and Income ETF has a one year low of $17.90 and a one year high of $19.11. The company’s 50 day moving average price is $18.72 and its two-hundred day moving average price is $18.80.

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.