Elevation Wealth Partners LLC Grows Stock Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Elevation Wealth Partners LLC boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 14.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 191,162 shares of the company’s stock after purchasing an additional 24,591 shares during the quarter. First Trust Institutional Preferred Securities and Income ETF makes up 1.5% of Elevation Wealth Partners LLC’s investment portfolio, making the stock its 15th biggest holding. Elevation Wealth Partners LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $3,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Jaffetilchin Investment Partners LLC grew its position in shares of First Trust Institutional Preferred Securities and Income ETF by 1.2% during the third quarter. Jaffetilchin Investment Partners LLC now owns 44,969 shares of the company’s stock worth $858,000 after buying an additional 537 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 1.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 56,821 shares of the company’s stock worth $1,063,000 after acquiring an additional 656 shares in the last quarter. Sutton Place Investors LLC increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 0.9% in the 4th quarter. Sutton Place Investors LLC now owns 115,978 shares of the company’s stock valued at $2,169,000 after purchasing an additional 983 shares during the last quarter. Walker Asset Management LLC increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 1.2% in the 4th quarter. Walker Asset Management LLC now owns 83,390 shares of the company’s stock valued at $1,559,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Trustmark National Bank Trust Department raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 4.7% in the 3rd quarter. Trustmark National Bank Trust Department now owns 29,590 shares of the company’s stock valued at $564,000 after purchasing an additional 1,331 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of FPEI stock opened at $18.80 on Monday. The firm has a fifty day moving average price of $18.73 and a 200 day moving average price of $18.78. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $17.89 and a 12 month 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.