MML Investors Services LLC Increases Stock Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

MML Investors Services LLC raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 21.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 16,341 shares of the company’s stock after acquiring an additional 2,925 shares during the quarter. MML Investors Services LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $312,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Zions Bancorporation N.A. purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the second quarter valued at $92,000. International Assets Investment Management LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the second quarter valued at approximately $157,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 82.9% during the second 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 during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at approximately $209,000. Finally, Balanced Rock Investment Advisors LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF in the second quarter worth approximately $219,000.

First Trust Institutional Preferred Securities and Income ETF Trading Up 0.3 %

Shares of FPEI opened at $18.73 on Wednesday. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $17.68 and a 1-year high of $19.11. The firm has a fifty day simple moving average of $18.83 and a two-hundred day simple moving average of $18.72.

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.