Financial Advocates Investment Management Buys 7,418 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Financial Advocates Investment Management lifted its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 109,639 shares of the company’s stock after buying an additional 7,418 shares during the period. Financial Advocates Investment Management owned about 0.16% of First Trust Institutional Preferred Securities and Income ETF worth $2,050,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Jaffetilchin Investment Partners LLC increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 1.2% in the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 44,969 shares of the company’s stock valued at $858,000 after buying an additional 537 shares during the period. Stratos Wealth Partners LTD. boosted its position in shares of 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 valued at $1,063,000 after acquiring an additional 656 shares in the last quarter. Sutton Place Investors LLC increased its stake in First Trust Institutional Preferred Securities and Income ETF by 0.9% in the fourth quarter. Sutton Place Investors LLC now owns 115,978 shares of the company’s stock valued at $2,169,000 after acquiring an additional 983 shares during the period. Walker Asset Management LLC raised its position in First Trust Institutional Preferred Securities and Income ETF by 1.2% in the fourth quarter. Walker Asset Management LLC now owns 83,390 shares of the company’s stock worth $1,559,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Trustmark National Bank Trust Department lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 4.7% during the third quarter. Trustmark National Bank Trust Department now owns 29,590 shares of the company’s stock worth $564,000 after purchasing an additional 1,331 shares during the period.

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

NYSEARCA FPEI opened at $18.80 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $17.89 and a 1-year high of $19.11. The stock’s 50 day moving average is $18.73 and its two-hundred day moving average 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.