Viawealth LLC Makes New Investment in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Viawealth LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 18,084 shares of the company’s stock, valued at approximately $338,000.

Other institutional investors have also modified their holdings of the company. Raymond James Financial Inc. bought a new position in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth $36,807,000. JPMorgan Chase & Co. raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 202.4% during the third quarter. JPMorgan Chase & Co. now owns 933,926 shares of the company’s stock worth $17,810,000 after purchasing an additional 625,087 shares during the period. Fifth Third Securities Inc. bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter worth about $6,189,000. Synergy Asset Management LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at about $4,951,000. Finally, Commonwealth Equity Services LLC grew its position in shares of First Trust Institutional Preferred Securities and Income ETF by 74.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 465,283 shares of the company’s stock valued at $8,701,000 after buying an additional 198,201 shares during the last quarter.

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

FPEI opened at $18.76 on Thursday. The company’s 50-day moving average price is $18.75 and its 200 day moving average price is $18.82. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $17.90 and a fifty-two 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.