First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Shares Acquired by Adamsbrown Wealth Consultants LLC

Adamsbrown Wealth Consultants LLC increased its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 15.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 762,208 shares of the company’s stock after purchasing an additional 103,885 shares during the quarter. First Trust Institutional Preferred Securities and Income ETF accounts for approximately 4.9% of Adamsbrown Wealth Consultants LLC’s holdings, making the stock its 8th biggest position. Adamsbrown Wealth Consultants LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $14,253,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FPEI. Jane Street Group LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at $1,468,000. Park Avenue Securities LLC grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 31.5% in the 4th quarter. Park Avenue Securities LLC now owns 86,415 shares of the company’s stock valued at $1,616,000 after buying an additional 20,723 shares during the period. MML Investors Services LLC grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 21.8% in the 3rd quarter. MML Investors Services LLC now owns 16,341 shares of the company’s stock valued at $312,000 after buying an additional 2,925 shares during the period. US Bancorp DE grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 52.3% in the 3rd quarter. US Bancorp DE now owns 32,171 shares of the company’s stock valued at $614,000 after buying an additional 11,053 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 2nd quarter valued at about $514,000.

First Trust Institutional Preferred Securities and Income ETF Stock Down 0.1 %

NYSEARCA FPEI opened at $18.71 on Monday. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $17.89 and a 1-year high of $19.11. The business’s 50-day simple moving average is $18.74 and its 200-day simple moving average is $18.77.

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.