First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Shares Bought by Adamsbrown Wealth Consultants LLC

Adamsbrown Wealth Consultants LLC raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 15.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 762,208 shares of the company’s stock after acquiring an additional 103,885 shares during the period. First Trust Institutional Preferred Securities and Income ETF makes up about 4.9% of Adamsbrown Wealth Consultants LLC’s portfolio, making the stock its 8th biggest position. Adamsbrown Wealth Consultants LLC owned about 1.10% of First Trust Institutional Preferred Securities and Income ETF worth $14,253,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 0.8% in the 2nd quarter. NewEdge Advisors LLC now owns 79,641 shares of the company’s stock worth $1,463,000 after acquiring an additional 637 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in 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 buying an additional 4,824 shares during the last quarter. Cetera Investment Advisers lifted its position in First Trust Institutional Preferred Securities and Income ETF by 8.8% in the second quarter. Cetera Investment Advisers now owns 396,006 shares of the company’s stock valued at $7,275,000 after buying an additional 32,043 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the second quarter worth about $514,000. Finally, Park Avenue Securities LLC lifted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 26.4% during the third quarter. Park Avenue Securities LLC now owns 65,692 shares of the company’s stock worth $1,253,000 after purchasing an additional 13,720 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

FPEI stock opened at $18.71 on Monday. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $17.89 and a fifty-two week high of $19.11. The company’s 50 day moving average price is $18.74 and its 200 day moving average price is $18.77.

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.