RFG Advisory LLC Increases Stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

RFG Advisory LLC increased its position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 97.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 95,397 shares of the company’s stock after purchasing an additional 46,966 shares during the period. RFG Advisory LLC owned approximately 0.14% of First Trust Institutional Preferred Securities and Income ETF worth $1,784,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 0.8% during the second quarter. NewEdge Advisors LLC now owns 79,641 shares of the company’s stock valued at $1,463,000 after buying an additional 637 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in First Trust Institutional Preferred Securities and Income ETF by 82.9% in the 2nd 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 during the last quarter. B. Riley Wealth Advisors Inc. grew its position in First Trust Institutional Preferred Securities and Income ETF by 12.7% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 45,945 shares of the company’s stock valued at $844,000 after acquiring an additional 5,191 shares during the last quarter. Truist Financial Corp increased its stake in First Trust Institutional Preferred Securities and Income ETF by 4.2% in the second quarter. Truist Financial Corp now owns 764,290 shares of the company’s stock worth $14,040,000 after purchasing an additional 30,547 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 8.8% during the second quarter. Cetera Investment Advisers now owns 396,006 shares of the company’s stock worth $7,275,000 after purchasing an additional 32,043 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

NYSEARCA FPEI opened at $18.66 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $17.89 and a 12 month high of $19.11. The company’s 50-day moving average price is $18.75 and its 200-day moving average price is $18.76.

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.