Flavin Financial Services Inc. acquired a new position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 29,029 shares of the company’s stock, valued at approximately $543,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 82.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,645 shares of the company’s stock valued at $196,000 after purchasing an additional 4,824 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at approximately $209,000. Fiduciary Trust Co bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at approximately $263,000. Hobbs Group Advisors LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at approximately $289,000. Finally, NBC Securities Inc. raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 50.4% in the third quarter. NBC Securities Inc. now owns 15,178 shares of the company’s stock valued at $289,000 after purchasing an additional 5,087 shares during the period.
First Trust Institutional Preferred Securities and Income ETF Price Performance
NYSEARCA FPEI opened at $18.69 on Tuesday. The company’s 50 day moving average is $18.73 and its 200-day moving average is $18.77. First Trust Institutional Preferred Securities and Income ETF has a 12-month low of $17.89 and a 12-month 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.
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