Wedmont Private Capital bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,053 shares of the company’s stock, valued at approximately $186,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter worth approximately $45,000. Silver Oak Securities Incorporated acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter valued at approximately $185,000. Csenge Advisory Group raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 8.6% during the first quarter. Csenge Advisory Group now owns 10,938 shares of the company’s stock worth $199,000 after purchasing an additional 866 shares in the last quarter. Accel Wealth Management acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the second quarter worth approximately $222,000. Finally, ARS Wealth Advisors Group LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF during the 4th quarter valued at $253,000.
First Trust Institutional Preferred Securities and Income ETF Trading Up 0.3 %
Shares of FPEI stock opened at $18.56 on Wednesday. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $16.44 and a 1 year high of $18.69. The business’s fifty day moving average is $18.44 and its 200-day moving average is $18.23.
About First Trust Institutional Preferred Securities and Income ETF
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.
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