Hobbs Group Advisors LLC Boosts Holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Hobbs Group Advisors LLC raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 74.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,339 shares of the company’s stock after buying an additional 11,198 shares during the period. Hobbs Group Advisors LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $493,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in FPEI. Global Retirement Partners LLC raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 151.5% in the 4th quarter. Global Retirement Partners LLC now owns 3,036 shares of the company’s stock worth $57,000 after purchasing an additional 1,829 shares during the period. Private Trust Co. NA raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 17.2% in the fourth quarter. Private Trust Co. NA now owns 9,293 shares of the company’s stock worth $174,000 after buying an additional 1,364 shares during the period. Fiduciary Trust Co bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter worth about $263,000. Greatmark Investment Partners Inc. grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 6.5% during the 4th quarter. Greatmark Investment Partners Inc. now owns 14,275 shares of the company’s stock valued at $267,000 after acquiring an additional 875 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF in the 4th quarter worth approximately $299,000.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

NYSEARCA FPEI opened at $18.66 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $17.90 and a 12 month high of $19.11. The company’s 50 day moving average is $18.77 and its two-hundred day moving average is $18.82.

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.