MML Investors Services LLC Raises Stock Holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

MML Investors Services LLC boosted its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 21.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,341 shares of the company’s stock after purchasing an additional 2,925 shares during the quarter. MML Investors Services LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $312,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. US Bancorp DE increased its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 52.3% in the 3rd quarter. US Bancorp DE now owns 32,171 shares of the company’s stock worth $614,000 after acquiring an additional 11,053 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 8.5% during 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 in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the second quarter valued at approximately $514,000. Financial Advocates Investment Management boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 5.7% in the 2nd quarter. Financial Advocates Investment Management now owns 117,348 shares of the company’s stock worth $2,156,000 after purchasing an additional 6,319 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 7.0% in the 2nd quarter. Ashton Thomas Private Wealth LLC now owns 49,661 shares of the company’s stock worth $912,000 after buying an additional 3,270 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Trading Up 0.3 %

Shares of NYSEARCA:FPEI opened at $18.73 on Wednesday. The stock has a fifty day simple moving average of $18.83 and a two-hundred day simple moving average of $18.72. First Trust Institutional Preferred Securities and Income ETF has a 12-month low of $17.68 and a 12-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.