Raymond James Financial Services Advisors Inc. Purchases 115,730 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Raymond James Financial Services Advisors Inc. grew its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEIFree Report) by 18.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 727,866 shares of the company’s stock after buying an additional 115,730 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $12,978,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at about $2,074,000. Comerica Bank bought a new stake in First Trust Institutional Preferred Securities and Income ETF during the third quarter worth about $846,000. Creative Planning bought a new stake in First Trust Institutional Preferred Securities and Income ETF during the third quarter worth about $312,000. Morgan Stanley raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 28.9% during the third quarter. Morgan Stanley now owns 11,081,247 shares of the company’s stock worth $187,051,000 after acquiring an additional 2,482,589 shares in the last quarter. Finally, Vista Investment Management raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 6.9% during the third quarter. Vista Investment Management now owns 134,519 shares of the company’s stock worth $2,271,000 after acquiring an additional 8,707 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Trading Up 0.1 %

FPEI opened at $18.22 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $16.31 and a 52-week high of $18.28. The business’s 50-day simple moving average is $18.07 and its 200 day simple moving average is $17.50.

About First Trust Institutional Preferred Securities and Income ETF

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding FPEI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEIFree Report).

Institutional Ownership by Quarter for First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

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