Merkkuri Wealth Advisors LLC Acquires 70,366 Shares of First Trust Institutional Preferred Securities and Income ETF $FPEI

Merkkuri Wealth Advisors LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 70,366 shares of the company’s stock, valued at approximately $1,298,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Securities Inc. acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter worth approximately $1,211,000. International Assets Investment Management LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at $11,064,000. Flynn Zito Capital Management LLC raised its position in First Trust Institutional Preferred Securities and Income ETF by 52.2% in the 1st quarter. Flynn Zito Capital Management LLC now owns 170,481 shares of the company’s stock valued at $3,239,000 after purchasing an additional 58,438 shares during the last quarter. Winebrenner Capital Management LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF in the third quarter worth $2,309,000. Finally, Geneos Wealth Management Inc. boosted its stake in First Trust Institutional Preferred Securities and Income ETF by 43.7% in the first quarter. Geneos Wealth Management Inc. now owns 487,681 shares of the company’s stock worth $9,266,000 after purchasing an additional 148,284 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Price Performance

Shares of FPEI stock traded up $0.06 during trading hours on Friday, hitting $18.58. 451,118 shares of the company’s stock were exchanged, compared to its average volume of 456,059. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $18.29 and a 52 week high of $19.61. The stock’s 50-day moving average is $18.63 and its 200-day moving average is $19.10.

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.