Beacon Financial Advisory LLC Acquires 8,586 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Beacon Financial Advisory LLC lifted its position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 35.3% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,935 shares of the company’s stock after buying an additional 8,586 shares during the quarter. Beacon Financial Advisory LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $628,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Zions Bancorporation N.A. purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the second quarter valued at $92,000. International Assets Investment Management LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the second quarter valued at about $157,000. Wedmont Private Capital purchased a new position in First Trust Institutional Preferred Securities and Income ETF in the second quarter worth $186,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 82.9% in 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. Finally, Csenge Advisory Group boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 8.6% in the 1st quarter. Csenge Advisory Group now owns 10,938 shares of the company’s stock valued at $199,000 after acquiring an additional 866 shares during the last quarter.

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

Shares of FPEI opened at $18.80 on Wednesday. The business’s 50-day moving average is $18.91 and its two-hundred day moving average is $18.57. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $16.81 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.