Focus Partners Wealth Buys 8,018 Shares of First Trust Institutional Preferred Securities and Income ETF $FPEI

Focus Partners Wealth lifted its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 8.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,718 shares of the company’s stock after acquiring an additional 8,018 shares during the period. Focus Partners Wealth owned approximately 0.12% of First Trust Institutional Preferred Securities and Income ETF worth $1,902,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in FPEI. LPL Financial LLC grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 9.1% in the 1st quarter. LPL Financial LLC now owns 3,837,937 shares of the company’s stock valued at $71,769,000 after buying an additional 319,485 shares during the period. Royal Bank of Canada boosted its stake in First Trust Institutional Preferred Securities and Income ETF by 11.9% during the 1st quarter. Royal Bank of Canada now owns 3,334,754 shares of the company’s stock valued at $62,360,000 after purchasing an additional 355,102 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in First Trust Institutional Preferred Securities and Income ETF by 18.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,463,341 shares of the company’s stock valued at $46,064,000 after purchasing an additional 375,497 shares during the last quarter. Merit Financial Group LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF during the 1st quarter valued at about $26,997,000. Finally, Adamsbrown Wealth Consultants LLC boosted its stake in First Trust Institutional Preferred Securities and Income ETF by 8.2% during the 1st quarter. Adamsbrown Wealth Consultants LLC now owns 824,341 shares of the company’s stock valued at $15,415,000 after purchasing an additional 62,133 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

FPEI stock opened at $19.39 on Wednesday. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.81 and a 52-week high of $19.41. The business has a 50-day simple moving average of $19.12 and a two-hundred day simple moving average of $18.81.

First Trust Institutional Preferred Securities and Income ETF Company 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.