Concurrent Investment Advisors LLC Increases Stock Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Concurrent Investment Advisors LLC boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 9.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,678 shares of the company’s stock after buying an additional 2,735 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $582,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Kestra Private Wealth Services LLC grew its stake in First Trust Institutional Preferred Securities and Income ETF by 6.2% in the fourth quarter. Kestra Private Wealth Services LLC now owns 20,729 shares of the company’s stock valued at $370,000 after purchasing an additional 1,218 shares during the last quarter. Wealthcare Advisory Partners LLC raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 22.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,544 shares of the company’s stock worth $883,000 after acquiring an additional 8,971 shares in the last quarter. Private Advisor Group LLC lifted its position in First Trust Institutional Preferred Securities and Income ETF by 4.6% during the fourth quarter. Private Advisor Group LLC now owns 120,565 shares of the company’s stock valued at $2,150,000 after acquiring an additional 5,277 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in 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 acquiring an additional 3,456 shares in the last quarter. Finally, Avantax Advisory Services Inc. grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 8.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 22,056 shares of the company’s stock worth $393,000 after purchasing an additional 1,761 shares during the last quarter.

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

Shares of FPEI opened at $18.77 on Tuesday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $16.44 and a 12 month high of $18.78. The stock has a fifty day moving average price of $18.54 and a 200-day moving average price of $18.31.

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.