Wealthcare Advisory Partners LLC Has $1.42 Million Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Wealthcare Advisory Partners LLC boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 57.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,064 shares of the company’s stock after acquiring an additional 28,520 shares during the quarter. Wealthcare Advisory Partners LLC owned 0.14% of First Trust Institutional Preferred Securities and Income ETF worth $1,422,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of FPEI. GUNN & Co INVESTMENT MANAGEMENT INC. raised 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 acquiring an additional 1,906,834 shares in the last quarter. Key Financial Inc raised its stake in First Trust Institutional Preferred Securities and Income ETF by 94.6% during the fourth quarter. Key Financial Inc now owns 832,976 shares of the company’s stock worth $14,852,000 after acquiring an additional 404,949 shares in the last quarter. International Assets Investment Management LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth $5,220,000. Truist Financial Corp grew its holdings in shares of 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 purchasing an additional 241,941 shares during the last quarter. Finally, Flagstar Advisors Inc. bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth $3,914,000.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of FPEI stock opened at $18.36 on Friday. The stock’s fifty 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 52 week low of $16.44 and a 52 week 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.