International Assets Investment Management LLC Acquires Shares of 292,742 First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

International Assets Investment Management LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 292,742 shares of the company’s stock, valued at approximately $5,220,000.

A number of other hedge funds also recently made changes to their positions in the stock. Wagner Wealth Management LLC boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 5.3% in the 4th quarter. Wagner Wealth Management LLC now owns 17,750 shares of the company’s stock worth $316,000 after buying an additional 898 shares during the last quarter. Dunhill Financial LLC boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 3.2% in the 3rd quarter. Dunhill Financial LLC now owns 40,984 shares of the company’s stock worth $682,000 after buying an additional 1,277 shares during the last quarter. Cetera Advisor Networks LLC boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 17.6% in the 2nd quarter. Cetera Advisor Networks LLC now owns 12,630 shares of the company’s stock worth $223,000 after buying an additional 1,890 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 9.1% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 22,810 shares of the company’s stock worth $382,000 after buying an additional 1,901 shares during the last quarter. Finally, Prospera Financial Services Inc boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 4.5% in the 1st quarter. Prospera Financial Services Inc now owns 44,333 shares of the company’s stock worth $743,000 after buying an additional 1,926 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

FPEI stock opened at $18.00 on Tuesday. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $16.39 and a 1 year high of $18.28. The stock’s fifty day moving average price is $18.11 and its 200-day moving average price is $17.59.

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.