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

NewEdge Advisors LLC lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 0.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,641 shares of the company’s stock after purchasing an additional 637 shares during the quarter. NewEdge Advisors LLC owned about 0.11% of First Trust Institutional Preferred Securities and Income ETF worth $1,463,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Citizens Financial Group Inc. RI bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 2nd quarter worth about $8,200,000. LPL Financial LLC raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 14.3% during the second quarter. LPL Financial LLC now owns 2,835,054 shares of the company’s stock worth $52,080,000 after purchasing an additional 353,767 shares in the last quarter. Cetera Investment Advisers lifted its position in First Trust Institutional Preferred Securities and Income ETF by 2,072.0% in the first quarter. Cetera Investment Advisers now owns 363,963 shares of the company’s stock worth $6,631,000 after purchasing an additional 347,206 shares during the period. TKG Advisors LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF during the 1st quarter valued at $4,176,000. Finally, G&S Capital LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 1st quarter valued at $3,407,000.

First Trust Institutional Preferred Securities and Income ETF Price Performance

FPEI opened at $19.01 on Friday. The stock’s fifty day moving average is $18.77 and its 200-day moving average is $18.45. First Trust Institutional Preferred Securities and Income ETF has a one year low of $16.44 and a one year 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.