First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC raised its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 154,750 shares of the company’s stock after acquiring an additional 7,777 shares during the quarter. Private Advisor Group LLC owned approximately 0.22% of First Trust Institutional Preferred Securities and Income ETF worth $2,951,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. LPL Financial LLC increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 14.3% in the second quarter. LPL Financial LLC now owns 2,835,054 shares of the company’s stock valued at $52,080,000 after buying an additional 353,767 shares in the last quarter. Smith Chas P & Associates PA Cpas raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 0.7% in the second quarter. Smith Chas P & Associates PA Cpas now owns 2,117,629 shares of the company’s stock valued at $38,901,000 after buying an additional 13,776 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 8.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,388,483 shares of the company’s stock valued at $25,506,000 after purchasing an additional 108,761 shares during the last quarter. Key Financial Inc grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 1.3% in the 2nd quarter. Key Financial Inc now owns 893,857 shares of the company’s stock valued at $16,420,000 after buying an additional 11,282 shares during the period. Finally, Truist Financial Corp grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 4.2% during the 2nd quarter. Truist Financial Corp now owns 764,290 shares of the company’s stock worth $14,040,000 after purchasing an additional 30,547 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

FPEI opened at $18.82 on Tuesday. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $16.46 and a 52 week high of $19.11. The business has a fifty day simple moving average of $18.90 and a 200-day simple moving average of $18.53.

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.