HighTower Advisors LLC Has $2.54 Million Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

HighTower Advisors LLC grew its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 135,920 shares of the company’s stock after purchasing an additional 1,226 shares during the period. HighTower Advisors LLC owned about 0.20% of First Trust Institutional Preferred Securities and Income ETF worth $2,542,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Global Retirement Partners LLC increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 151.5% in the 4th quarter. Global Retirement Partners LLC now owns 3,036 shares of the company’s stock valued at $57,000 after buying an additional 1,829 shares in the last quarter. Private Trust Co. NA grew its stake in First Trust Institutional Preferred Securities and Income ETF by 17.2% in the fourth quarter. Private Trust Co. NA now owns 9,293 shares of the company’s stock valued at $174,000 after acquiring an additional 1,364 shares during the period. Fiduciary Trust Co bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter worth about $263,000. Hobbs Group Advisors LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter worth about $289,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 4th quarter valued at about $299,000.

First Trust Institutional Preferred Securities and Income ETF Trading Down 0.1 %

Shares of FPEI opened at $18.76 on Friday. The stock has a 50 day simple moving average of $18.76 and a 200 day simple moving average of $18.82. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.90 and a 52-week 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.