Summit Wealth Partners LLC Raises Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Summit Wealth Partners LLC raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 61.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 178,813 shares of the company’s stock after buying an additional 68,142 shares during the period. Summit Wealth Partners LLC owned about 0.26% of First Trust Institutional Preferred Securities and Income ETF worth $3,410,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the fourth quarter worth $45,000. Zions Bancorporation N.A. purchased a new position 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 bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the second quarter valued at about $157,000. Wedmont Private Capital bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the second quarter worth about $186,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 82.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,645 shares of the company’s stock valued at $196,000 after acquiring an additional 4,824 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Down 0.1 %

Shares of FPEI stock opened at $18.75 on Friday. The stock has a fifty day moving average of $18.91 and a 200 day moving average of $18.54. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $16.48 and a 52 week high of $19.11.

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.