Winebrenner Capital Management LLC Purchases New Shares in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Winebrenner Capital Management LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) in the 4th quarter, Holdings Channel reports. The firm acquired 122,242 shares of the company’s stock, valued at approximately $2,286,000. First Trust Institutional Preferred Securities and Income ETF accounts for approximately 1.8% of Winebrenner Capital Management LLC’s investment portfolio, making the stock its 11th largest position.

Several other institutional investors and hedge funds have also recently modified their holdings of FPEI. Global Retirement Partners LLC increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 151.5% during the fourth quarter. Global Retirement Partners LLC now owns 3,036 shares of the company’s stock valued at $57,000 after buying an additional 1,829 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth approximately $209,000. Fiduciary Trust Co purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth approximately $263,000. Hobbs Group Advisors LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at approximately $289,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at approximately $299,000.

First Trust Institutional Preferred Securities and Income ETF Stock Down 0.3 %

Shares of FPEI stock opened at $18.79 on Friday. The business’s fifty day moving average is $18.72 and its 200 day moving average is $18.80. First Trust Institutional Preferred Securities and Income ETF has a twelve month low of $17.90 and a twelve 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.