G&S Capital LLC Takes $3.41 Million Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

G&S Capital LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) in the 1st quarter, Holdings Channel reports. The fund bought 186,976 shares of the company’s stock, valued at approximately $3,407,000. First Trust Institutional Preferred Securities and Income ETF makes up 1.5% of G&S Capital LLC’s portfolio, making the stock its 12th biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. GUNN & Co INVESTMENT MANAGEMENT INC. grew its stake in First Trust Institutional Preferred Securities and Income ETF by 1,551.9% during the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 2,029,706 shares of the company’s stock worth $36,190,000 after buying an additional 1,906,834 shares in the last quarter. Key Financial Inc boosted its stake in First Trust Institutional Preferred Securities and Income ETF by 94.6% in the fourth quarter. Key Financial Inc now owns 832,976 shares of the company’s stock valued at $14,852,000 after buying an additional 404,949 shares in the last quarter. International Assets Investment Management LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF in the fourth quarter valued at about $5,220,000. Truist Financial Corp raised its stake in First Trust Institutional Preferred Securities and Income ETF by 55.6% during the fourth quarter. Truist Financial Corp now owns 677,444 shares of the company’s stock worth $12,079,000 after acquiring an additional 241,941 shares in the last quarter. Finally, Flagstar Advisors Inc. bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the fourth quarter worth about $3,914,000.

First Trust Institutional Preferred Securities and Income ETF Stock Down 0.1 %

Shares of First Trust Institutional Preferred Securities and Income ETF stock opened at $18.42 on Thursday. The firm’s 50 day moving average is $18.24 and its 200 day moving average is $18.08. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $16.44 and a 1 year high of $18.46.

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.