Magnus Financial Group LLC Purchases 8,138 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Magnus Financial Group LLC increased its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 18.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 52,263 shares of the company’s stock after buying an additional 8,138 shares during the quarter. Magnus Financial Group LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $977,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Ameritas Advisory Services LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the fourth quarter worth about $299,000. Walker Asset Management LLC boosted its stake 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 worth $1,559,000 after purchasing an additional 1,000 shares during the period. Park Avenue Securities LLC boosted its stake 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 worth $1,616,000 after purchasing an additional 20,723 shares during the period. Park National Corp OH grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 391.8% during the 4th quarter. Park National Corp OH now owns 60,980 shares of the company’s stock valued at $1,140,000 after buying an additional 48,580 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 202.4% during the third quarter. JPMorgan Chase & Co. now owns 933,926 shares of the company’s stock valued at $17,810,000 after buying an additional 625,087 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA:FPEI opened at $18.64 on Thursday. The firm has a fifty day moving average price of $18.75 and a 200 day moving average price of $18.76. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $17.81 and a fifty-two week 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.