First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 8.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,388,483 shares of the company’s stock after buying an additional 108,761 shares during the quarter. Envestnet Asset Management Inc. owned 2.00% of First Trust Institutional Preferred Securities and Income ETF worth $25,506,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 29.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 15,158 shares of the company’s stock valued at $270,000 after purchasing an additional 3,456 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 31.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 55,256 shares of the company’s stock worth $985,000 after acquiring an additional 13,136 shares in the last quarter. Visionary Wealth Advisors purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth $1,544,000. Comerica Bank raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 24.8% in the fourth quarter. Comerica Bank now owns 62,537 shares of the company’s stock valued at $1,115,000 after acquiring an additional 12,441 shares in the last quarter. Finally, Beacon Financial Group boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 0.7% in the fourth quarter. Beacon Financial Group now owns 203,245 shares of the company’s stock valued at $3,624,000 after purchasing an additional 1,456 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA FPEI opened at $19.09 on Friday. The stock’s 50-day moving average is $18.67 and its two-hundred day moving average is $18.39. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $16.44 and a 1-year high of $19.11.

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.