First Trust Institutional Preferred Securities and Income ETF $FPEI Stock Position Lifted by HighTower Advisors LLC

HighTower Advisors LLC raised its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 65.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 385,957 shares of the company’s stock after acquiring an additional 153,016 shares during the quarter. HighTower Advisors LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $7,484,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in FPEI. Kestra Private Wealth Services LLC lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 1.1% in the third quarter. Kestra Private Wealth Services LLC now owns 53,221 shares of the company’s stock worth $1,029,000 after buying an additional 557 shares during the last quarter. FWL Investment Management LLC lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 0.9% in the third quarter. FWL Investment Management LLC now owns 73,170 shares of the company’s stock worth $1,415,000 after buying an additional 665 shares during the last quarter. Silver Oak Securities Incorporated lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 1.3% in the fourth quarter. Silver Oak Securities Incorporated now owns 53,901 shares of the company’s stock worth $1,045,000 after buying an additional 676 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 1.9% in the third quarter. Wealthcare Advisory Partners LLC now owns 40,762 shares of the company’s stock worth $788,000 after buying an additional 742 shares during the last quarter. Finally, Capital Advisors Wealth Management LLC lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 4.9% in the fourth quarter. Capital Advisors Wealth Management LLC now owns 16,090 shares of the company’s stock worth $312,000 after buying an additional 752 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of First Trust Institutional Preferred Securities and Income ETF stock opened at $19.22 on Wednesday. The firm has a fifty day simple moving average of $19.17 and a 200-day simple moving average of $19.33. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $18.60 and a 1-year high of $19.61.

About First Trust Institutional Preferred Securities and Income ETF

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.