Annex Advisory Services LLC Raises Holdings in First Trust Institutional Preferred Securities and Income ETF $FPEI

Annex Advisory Services LLC lifted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 7.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 972,278 shares of the company’s stock after acquiring an additional 68,734 shares during the period. Annex Advisory Services LLC owned approximately 1.01% of First Trust Institutional Preferred Securities and Income ETF worth $18,852,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of FPEI. AE Wealth Management LLC grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 147.3% during the third quarter. AE Wealth Management LLC now owns 2,728 shares of the company’s stock worth $53,000 after acquiring an additional 1,625 shares during the last quarter. Capital Investment Advisory Services LLC grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 1,876.4% during the fourth quarter. Capital Investment Advisory Services LLC now owns 4,447 shares of the company’s stock worth $86,000 after acquiring an additional 4,222 shares during the last quarter. Centaurus Financial Inc. purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter worth about $107,000. Sound Income Strategies LLC grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 392.3% during the fourth quarter. Sound Income Strategies LLC now owns 8,423 shares of the company’s stock worth $164,000 after acquiring an additional 6,712 shares during the last quarter. Finally, Calton & Associates Inc. purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter worth about $204,000.

First Trust Institutional Preferred Securities and Income ETF Trading Up 0.3%

Shares of NYSEARCA FPEI opened at $19.31 on Wednesday. The business’s 50 day moving average price is $19.29 and its 200 day moving average price is $19.37. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $18.16 and a 52 week high of $19.61.

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. FPEI was launched on Aug 22, 2017 and is managed by First Trust.