First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Shares Purchased by LPL Financial LLC

LPL Financial LLC boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 22.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,518,452 shares of the company’s stock after acquiring an additional 641,323 shares during the period. LPL Financial LLC owned about 5.06% of First Trust Institutional Preferred Securities and Income ETF worth $65,795,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Global Retirement Partners LLC raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 151.5% during the 4th quarter. Global Retirement Partners LLC now owns 3,036 shares of the company’s stock worth $57,000 after purchasing an additional 1,829 shares during the last quarter. Private Trust Co. NA increased its stake in First Trust Institutional Preferred Securities and Income ETF by 17.2% during the 4th quarter. Private Trust Co. NA now owns 9,293 shares of the company’s stock worth $174,000 after buying an additional 1,364 shares in the last quarter. Fiduciary Trust Co acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at approximately $263,000. Greatmark Investment Partners Inc. lifted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 6.5% in the fourth quarter. Greatmark Investment Partners Inc. now owns 14,275 shares of the company’s stock valued at $267,000 after acquiring an additional 875 shares in the last quarter. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter worth approximately $289,000.

First Trust Institutional Preferred Securities and Income ETF Trading Down 0.2 %

Shares of FPEI opened at $18.76 on Thursday. The stock has a 50 day moving average price of $18.77 and a 200 day moving average price of $18.82. First Trust Institutional Preferred Securities and Income ETF has a one year low of $17.90 and a one year high of $19.11.

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.