Hickory Asset Management Inc. acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report) during the 4th quarter, Holdings Channel reports. The firm acquired 48,611 shares of the company’s stock, valued at approximately $909,000.
Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at about $209,000. Fiduciary Trust Co acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at about $263,000. Hobbs Group Advisors LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at about $289,000. NBC Securities Inc. raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 50.4% in the 3rd quarter. NBC Securities Inc. now owns 15,178 shares of the company’s stock worth $289,000 after acquiring an additional 5,087 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter worth about $299,000.
First Trust Institutional Preferred Securities and Income ETF Stock Performance
FPEI opened at $18.86 on Friday. 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. The company’s 50-day moving average is $18.73 and its 200 day moving average is $18.79.
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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Want to see what other hedge funds are holding FPEI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report).
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