First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Shares Bought by Key Financial Inc

Key Financial Inc increased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 94.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 832,976 shares of the company’s stock after acquiring an additional 404,949 shares during the period. First Trust Institutional Preferred Securities and Income ETF comprises about 4.1% of Key Financial Inc’s investment portfolio, making the stock its 2nd biggest position. Key Financial Inc’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $14,852,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wagner Wealth Management LLC grew its position in First Trust Institutional Preferred Securities and Income ETF by 5.3% during the 4th quarter. Wagner Wealth Management LLC now owns 17,750 shares of the company’s stock worth $316,000 after acquiring an additional 898 shares during the last quarter. Dunhill Financial LLC lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 3.2% in the third quarter. Dunhill Financial LLC now owns 40,984 shares of the company’s stock valued at $682,000 after buying an additional 1,277 shares during the period. Sutton Place Investors LLC grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 1.4% during the 4th quarter. Sutton Place Investors LLC now owns 112,110 shares of the company’s stock worth $1,999,000 after acquiring an additional 1,500 shares during the period. Cetera Advisor Networks LLC boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 17.6% in the 2nd quarter. Cetera Advisor Networks LLC now owns 12,630 shares of the company’s stock worth $223,000 after purchasing an additional 1,890 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 9.1% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 22,810 shares of the company’s stock valued at $382,000 after acquiring an additional 1,901 shares during the period.

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

NYSEARCA FPEI traded up $0.06 during trading on Wednesday, reaching $17.97. 267,616 shares of the stock traded hands, compared to its average volume of 327,054. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $16.39 and a fifty-two week high of $18.28. The stock’s 50-day moving average price is $18.11 and its 200 day moving average price is $17.59.

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.