Walker Asset Management LLC Has $1.56 Million Stock Holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Walker Asset Management LLC lifted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 1.2% during the 4th quarter, Holdings Channel reports. The firm owned 83,390 shares of the company’s stock after purchasing an additional 1,000 shares during the quarter. First Trust Institutional Preferred Securities and Income ETF comprises 1.0% of Walker Asset Management LLC’s holdings, making the stock its 19th largest position. Walker Asset Management LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $1,559,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 82.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,645 shares of the company’s stock valued at $196,000 after purchasing an additional 4,824 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at about $209,000. Park National Corp OH acquired a new position in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth approximately $236,000. Fiduciary Trust Co bought a new position in First Trust Institutional Preferred Securities and Income ETF in the third quarter worth approximately $263,000. Finally, NBC Securities Inc. grew its stake in First Trust Institutional Preferred Securities and Income ETF by 50.4% in the third quarter. NBC Securities Inc. now owns 15,178 shares of the company’s stock valued at $289,000 after acquiring an additional 5,087 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

NYSEARCA FPEI opened at $18.73 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $17.78 and a 52 week high of $19.11. The business has a 50 day moving average price of $18.76 and a 200-day moving average price of $18.75.

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.