Vestmark Advisory Solutions Inc. Invests $589,000 in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Vestmark Advisory Solutions Inc. acquired a new stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 31,489 shares of the company’s stock, valued at approximately $589,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in FPEI. Global Retirement Partners LLC raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 151.5% in the fourth quarter. Global Retirement Partners LLC now owns 3,036 shares of the company’s stock valued at $57,000 after acquiring an additional 1,829 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 17.2% in the fourth quarter. Private Trust Co. NA now owns 9,293 shares of the company’s stock valued at $174,000 after acquiring an additional 1,364 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at about $209,000. Fiduciary Trust Co bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at about $263,000. Finally, Hobbs Group Advisors LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at about $289,000.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

FPEI stock opened at $18.81 on Friday. The business has a 50-day moving average price of $18.74 and a 200 day moving average price of $18.82. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $17.90 and a 1-year 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.