33,500 Shares in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Purchased by BXM Wealth LLC

BXM Wealth LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 33,500 shares of the company’s stock, valued at approximately $626,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Smith Chas P & Associates PA Cpas raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 1.8% during the fourth quarter. Smith Chas P & Associates PA Cpas now owns 2,158,373 shares of the company’s stock worth $40,362,000 after purchasing an additional 39,037 shares during the last quarter. Key Financial Inc boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 8.3% in the 3rd quarter. Key Financial Inc now owns 968,389 shares of the company’s stock worth $18,467,000 after buying an additional 74,532 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 202.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 933,926 shares of the company’s stock worth $17,810,000 after buying an additional 625,087 shares in the last quarter. Adamsbrown Wealth Consultants LLC grew its stake in First Trust Institutional Preferred Securities and Income ETF by 15.8% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 762,208 shares of the company’s stock valued at $14,253,000 after acquiring an additional 103,885 shares during the last quarter. Finally, Citizens Financial Group Inc. RI raised its position in First Trust Institutional Preferred Securities and Income ETF by 38.5% during the third quarter. Citizens Financial Group Inc. RI now owns 617,850 shares of the company’s stock worth $11,782,000 after acquiring an additional 171,730 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Trading Up 0.2 %

FPEI stock opened at $18.86 on Friday. The company’s 50 day simple moving average is $18.73 and its 200-day simple moving average is $18.79. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $17.90 and a 12 month high of $19.11.

First Trust Institutional Preferred Securities and Income ETF Company 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.