Nations Financial Group Inc. IA ADV Purchases 2,535 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Nations Financial Group Inc. IA ADV grew its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,690 shares of the company’s stock after purchasing an additional 2,535 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $1,378,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at approximately $209,000. Fiduciary Trust Co bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at approximately $263,000. Hobbs Group Advisors LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at approximately $289,000. NBC Securities Inc. raised its position in shares of 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 valued at $289,000 after purchasing an additional 5,087 shares during the period. Finally, Ameritas Advisory Services LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the fourth quarter valued at approximately $299,000.

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

Shares of FPEI stock opened at $18.86 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $17.90 and a 1 year high of $19.11. The firm’s fifty day simple moving average is $18.73 and its 200 day simple 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.