Wealth Enhancement Advisory Services LLC Purchases Shares of 10,978 First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Wealth Enhancement Advisory Services LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,978 shares of the company’s stock, valued at approximately $209,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Park Avenue Securities LLC increased its position in First Trust Institutional Preferred Securities and Income ETF by 12.0% during the second quarter. Park Avenue Securities LLC now owns 51,972 shares of the company’s stock worth $955,000 after buying an additional 5,575 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in First Trust Institutional Preferred Securities and Income ETF by 8.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,388,483 shares of the company’s stock valued at $25,506,000 after acquiring an additional 108,761 shares during the period. Sanctuary Advisors LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the 2nd quarter valued at $514,000. Financial Advocates Investment Management lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 5.7% during the 2nd quarter. Financial Advocates Investment Management now owns 117,348 shares of the company’s stock valued at $2,156,000 after purchasing an additional 6,319 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC boosted its position in First Trust Institutional Preferred Securities and Income ETF by 7.0% during the second quarter. Ashton Thomas Private Wealth LLC now owns 49,661 shares of the company’s stock worth $912,000 after purchasing an additional 3,270 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Price Performance

Shares of FPEI opened at $18.84 on Wednesday. The company’s 50-day moving average is $18.92 and its 200-day moving average is $18.60. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $16.90 and a fifty-two week high of $19.11.

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.