Partners Wealth Management LLC Acquires New Shares in First Trust Institutional Preferred Securities and Income ETF $FPEI

Partners Wealth Management LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,001 shares of the company’s stock, valued at approximately $664,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vaquero Private Wealth Ltd. purchased a new stake in First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at approximately $3,278,000. Victory Financial Group LLC purchased a new position in First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at approximately $3,998,000. Oppenheimer & Co. Inc. purchased a new position in First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at approximately $349,000. Park Avenue Securities LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter worth approximately $319,000. Finally, Apollon Wealth Management LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter worth approximately $460,000.

First Trust Institutional Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA FPEI opened at $18.48 on Friday. The firm has a fifty day moving average price of $18.68 and a 200-day moving average price of $19.12. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $18.29 and a 1 year high of $19.61.

First Trust Institutional Preferred Securities and Income ETF Company 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. FPEI was launched on Aug 22, 2017 and is managed by First Trust.