GUNN & Co INVESTMENT MANAGEMENT INC. Purchases 1,906,834 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

GUNN & Co INVESTMENT MANAGEMENT INC. increased its position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 1,551.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,029,706 shares of the company’s stock after buying an additional 1,906,834 shares during the period. First Trust Institutional Preferred Securities and Income ETF accounts for approximately 2.4% of GUNN & Co INVESTMENT MANAGEMENT INC.’s holdings, making the stock its 23rd biggest position. GUNN & Co INVESTMENT MANAGEMENT INC.’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $36,190,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FPEI. NBC Securities Inc. bought a new position in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter worth approximately $176,000. Envestnet Portfolio Solutions Inc. acquired a new position in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at $198,000. Kingswood Wealth Advisors LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at $314,000. Wagner Wealth Management LLC increased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 5.3% during the 4th quarter. Wagner Wealth Management LLC now owns 17,750 shares of the company’s stock worth $316,000 after purchasing an additional 898 shares during the period. Finally, Koshinski Asset Management Inc. raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 26.0% during the fourth quarter. Koshinski Asset Management Inc. now owns 23,687 shares of the company’s stock valued at $422,000 after buying an additional 4,895 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Trading Up 0.4 %

NYSEARCA FPEI opened at $18.14 on Friday. First Trust Institutional Preferred Securities and Income ETF has a twelve month low of $16.39 and a twelve month high of $18.28. The firm has a 50-day simple moving average of $18.11 and a 200 day simple moving average of $17.71.

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.