49,232 Shares in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Acquired by Sovran Advisors LLC

Sovran Advisors LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 49,232 shares of the company’s stock, valued at approximately $914,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FPEI. Jaffetilchin Investment Partners LLC lifted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 1.2% during the third quarter. Jaffetilchin Investment Partners LLC now owns 44,969 shares of the company’s stock worth $858,000 after buying an additional 537 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in First Trust Institutional Preferred Securities and Income ETF by 1.2% during the fourth quarter. Stratos Wealth Partners LTD. now owns 56,821 shares of the company’s stock worth $1,063,000 after acquiring an additional 656 shares during the period. Sutton Place Investors LLC raised its stake in First Trust Institutional Preferred Securities and Income ETF by 0.9% in the 4th quarter. Sutton Place Investors LLC now owns 115,978 shares of the company’s stock worth $2,169,000 after purchasing an additional 983 shares in the last quarter. Walker Asset Management LLC boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 1.2% in the 4th quarter. Walker Asset Management LLC now owns 83,390 shares of the company’s stock valued at $1,559,000 after purchasing an additional 1,000 shares during the period. Finally, Trustmark National Bank Trust Department grew its position in shares of First Trust Institutional Preferred Securities and Income ETF by 4.7% during the 3rd quarter. Trustmark National Bank Trust Department now owns 29,590 shares of the company’s stock worth $564,000 after purchasing an additional 1,331 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

First Trust Institutional Preferred Securities and Income ETF stock opened at $18.79 on Wednesday. The stock’s fifty day moving average price is $18.73 and its two-hundred day moving average price is $18.78. First Trust Institutional Preferred Securities and Income ETF has a one year low of $17.89 and a one year high of $19.11.

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.