Avantax Advisory Services Inc. Acquires 12,470 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Avantax Advisory Services Inc. increased its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 48.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,999 shares of the company’s stock after acquiring an additional 12,470 shares during the quarter. Avantax Advisory Services Inc.’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $711,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FPEI. Farther Finance Advisors LLC lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 126.9% in the first quarter. Farther Finance Advisors LLC now owns 3,410 shares of the company’s stock valued at $64,000 after buying an additional 1,907 shares during the period. Continuum Advisory LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the first quarter valued at about $68,000. Dunhill Financial LLC boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 15.2% during the 4th quarter. Dunhill Financial LLC now owns 6,359 shares of the company’s stock worth $119,000 after purchasing an additional 839 shares in the last quarter. Cerity Partners LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the fourth quarter valued at approximately $195,000. Finally, DAVENPORT & Co LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF during the 1st quarter valued at about $205,000.

First Trust Institutional Preferred Securities and Income ETF Price Performance

Shares of FPEI opened at $19.11 on Tuesday. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $17.81 and a 52 week high of $19.19. The stock has a 50 day moving average price of $18.92 and a two-hundred day moving average price of $18.72.

First Trust Institutional Preferred Securities and Income ETF 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.