First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 31.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 86,415 shares of the company’s stock after buying an additional 20,723 shares during the quarter. Park Avenue Securities LLC owned approximately 0.12% of First Trust Institutional Preferred Securities and Income ETF worth $1,616,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Park National Corp OH lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 391.8% in the fourth quarter. Park National Corp OH now owns 60,980 shares of the company’s stock valued at $1,140,000 after buying an additional 48,580 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 202.4% in the third quarter. JPMorgan Chase & Co. now owns 933,926 shares of the company’s stock valued at $17,810,000 after purchasing an additional 625,087 shares during the last quarter. Synovus Financial Corp grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 53.2% in the third quarter. Synovus Financial Corp now owns 29,836 shares of the company’s stock valued at $569,000 after purchasing an additional 10,361 shares during the last quarter. Hobbs Group Advisors LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at $289,000. Finally, MML Investors Services LLC boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 21.8% during the third quarter. MML Investors Services LLC now owns 16,341 shares of the company’s stock valued at $312,000 after acquiring an additional 2,925 shares during the last quarter.

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

FPEI opened at $18.73 on Friday. The business’s fifty day simple moving average is $18.76 and its 200 day simple moving average is $18.75. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $17.78 and a 52 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.