Integrated Advisors Network LLC Buys 6,166 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Integrated Advisors Network LLC grew its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 36.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 23,298 shares of the company’s stock after buying an additional 6,166 shares during the quarter. Integrated Advisors Network LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $436,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Citadel Advisors LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF in the fourth quarter valued at $266,000. Raymond James Financial Inc. purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter worth about $36,807,000. Global Retirement Partners LLC boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 151.5% in the 4th quarter. Global Retirement Partners LLC now owns 3,036 shares of the company’s stock worth $57,000 after purchasing an additional 1,829 shares in the last quarter. Avantax Advisory Services Inc. increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 37.3% during the 4th quarter. Avantax Advisory Services Inc. now owns 25,529 shares of the company’s stock valued at $477,000 after purchasing an additional 6,929 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 0.9% during the 4th quarter. HighTower Advisors LLC now owns 135,920 shares of the company’s stock valued at $2,542,000 after buying an additional 1,226 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

NYSEARCA:FPEI opened at $18.88 on Friday. The business has a 50 day moving average of $18.52 and a 200 day moving average of $18.66. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $17.81 and a 1-year high of $19.11.

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.