Commonwealth Equity Services LLC Grows Stock Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Commonwealth Equity Services LLC lifted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 74.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 465,283 shares of the company’s stock after acquiring an additional 198,201 shares during the period. Commonwealth Equity Services LLC owned approximately 0.67% of First Trust Institutional Preferred Securities and Income ETF worth $8,701,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Global Retirement Partners LLC increased its stake in First Trust Institutional Preferred Securities and Income ETF by 151.5% during the 4th quarter. Global Retirement Partners LLC now owns 3,036 shares of the company’s stock valued at $57,000 after purchasing an additional 1,829 shares in the last quarter. Private Trust Co. NA increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 17.2% in the 4th quarter. Private Trust Co. NA now owns 9,293 shares of the company’s stock valued at $174,000 after acquiring an additional 1,364 shares during the period. Fiduciary Trust Co purchased a new position in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter worth $263,000. Hobbs Group Advisors LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth about $289,000. Finally, Ameritas Advisory Services LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF during the 4th quarter valued at about $299,000.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA:FPEI opened at $18.76 on Thursday. The business has a 50-day moving average price of $18.75 and a 200-day moving average price of $18.82. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.90 and a 52-week 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.