Principal Securities Inc. Purchases 14,371 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Principal Securities Inc. raised its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 11.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 137,257 shares of the company’s stock after acquiring an additional 14,371 shares during the quarter. Principal Securities Inc. owned approximately 0.20% of First Trust Institutional Preferred Securities and Income ETF worth $2,567,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Smith Chas P & Associates PA Cpas boosted its stake in First Trust Institutional Preferred Securities and Income ETF by 1.8% during the 4th quarter. Smith Chas P & Associates PA Cpas now owns 2,158,373 shares of the company’s stock valued at $40,362,000 after purchasing an additional 39,037 shares during the last quarter. Key Financial Inc lifted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 8.3% in the third quarter. Key Financial Inc now owns 968,389 shares of the company’s stock valued at $18,467,000 after acquiring an additional 74,532 shares in the last quarter. JPMorgan Chase & Co. raised its stake in First Trust Institutional Preferred Securities and Income ETF by 202.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 933,926 shares of the company’s stock valued at $17,810,000 after purchasing an additional 625,087 shares during the period. Adamsbrown Wealth Consultants LLC lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 15.8% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 762,208 shares of the company’s stock worth $14,253,000 after purchasing an additional 103,885 shares in the last quarter. Finally, Citizens Financial Group Inc. RI grew its stake in First Trust Institutional Preferred Securities and Income ETF by 38.5% during the third quarter. Citizens Financial Group Inc. RI now owns 617,850 shares of the company’s stock valued at $11,782,000 after acquiring an additional 171,730 shares in the last quarter.

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

NYSEARCA FPEI opened at $18.86 on Tuesday. The stock has a 50 day moving average price of $18.73 and a 200-day moving average price of $18.79. First Trust Institutional Preferred Securities and Income ETF has a one year low of $17.90 and a one year 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.