Gladstone Institutional Advisory LLC Grows Stock Holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Gladstone Institutional Advisory LLC lifted its position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,835 shares of the company’s stock after purchasing an additional 575 shares during the period. Gladstone Institutional Advisory LLC owned 0.08% of First Trust Institutional Preferred Securities and Income ETF worth $1,007,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter worth approximately $209,000. Fiduciary Trust Co bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at approximately $263,000. NBC Securities Inc. lifted 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 worth $289,000 after acquiring an additional 5,087 shares during the period. Hobbs Group Advisors LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at $289,000. Finally, Ameritas Advisory Services LLC purchased a new position in First Trust Institutional Preferred Securities and Income ETF during the 4th quarter valued at $299,000.

First Trust Institutional Preferred Securities and Income ETF Stock Up 0.3 %

NYSEARCA:FPEI opened at $18.83 on Friday. The company has a 50-day moving average price of $18.73 and a 200-day moving average price of $18.78. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $17.90 and a 12 month high of $19.11.

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.