Annex Advisory Services LLC Buys 120,692 Shares of First Trust Institutional Preferred Securities and Income ETF $FPEI

Annex Advisory Services LLC lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 11.8% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,146,209 shares of the company’s stock after buying an additional 120,692 shares during the quarter. Annex Advisory Services LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $22,110,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FPEI. Northwestern Mutual Wealth Management Co. grew its stake in First Trust Institutional Preferred Securities and Income ETF by 4,539.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,203,161 shares of the company’s stock valued at $81,499,000 after buying an additional 4,112,566 shares during the last quarter. Morgan Stanley lifted its position in First Trust Institutional Preferred Securities and Income ETF by 11.9% during the fourth quarter. Morgan Stanley now owns 18,537,923 shares of the company’s stock worth $359,450,000 after acquiring an additional 1,976,898 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 29.3% during the first quarter. Bank of America Corp DE now owns 6,017,351 shares of the company’s stock worth $114,330,000 after acquiring an additional 1,364,824 shares during the period. Legacy Edge Advisors LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth approximately $21,779,000. Finally, Smith Chas P & Associates PA Cpas grew its position in shares of First Trust Institutional Preferred Securities and Income ETF by 71.2% in the fourth quarter. Smith Chas P & Associates PA Cpas now owns 2,380,461 shares of the company’s stock valued at $46,157,000 after purchasing an additional 989,787 shares during the last quarter.

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

Shares of NYSEARCA FPEI opened at $19.16 on Wednesday. The business’s 50 day moving average is $19.22 and its 200-day moving average is $19.26. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $18.71 and a 1-year high of $19.61.

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. FPEI was launched on Aug 22, 2017 and is managed by First Trust.