Sanctuary Advisors LLC Makes New $514,000 Investment in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Sanctuary Advisors LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 28,610 shares of the company’s stock, valued at approximately $514,000.

A number of other institutional investors have also recently made changes to their positions in the business. Cetera Investment Advisers boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 8.8% in the second quarter. Cetera Investment Advisers now owns 396,006 shares of the company’s stock worth $7,275,000 after acquiring an additional 32,043 shares in the last quarter. Truist Financial Corp boosted its stake in First Trust Institutional Preferred Securities and Income ETF by 4.2% in the 2nd quarter. Truist Financial Corp now owns 764,290 shares of the company’s stock worth $14,040,000 after purchasing an additional 30,547 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in First Trust Institutional Preferred Securities and Income ETF by 12.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 45,945 shares of the company’s stock worth $844,000 after purchasing an additional 5,191 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in First Trust Institutional Preferred Securities and Income ETF by 82.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,645 shares of the company’s stock valued at $196,000 after purchasing an additional 4,824 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 0.8% in the second quarter. NewEdge Advisors LLC now owns 79,641 shares of the company’s stock worth $1,463,000 after buying an additional 637 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Trading Up 0.1 %

NYSEARCA:FPEI opened at $19.00 on Wednesday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $16.44 and a 12 month high of $19.11. The firm has a fifty day simple moving average of $18.83 and a 200-day simple moving average of $18.48.

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.