Flynn Zito Capital Management LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 184,753 shares of the company’s stock, valued at approximately $3,407,000. First Trust Institutional Preferred Securities and Income ETF comprises 0.9% of Flynn Zito Capital Management LLC’s investment portfolio, making the stock its 29th largest holding. Flynn Zito Capital Management LLC owned 0.18% of First Trust Institutional Preferred Securities and Income ETF at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at about $126,000. Valmark Advisers Inc. acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 1st quarter worth approximately $192,000. International Assets Investment Management LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth approximately $188,000. Independent Financial Group LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 1st quarter worth approximately $199,000. Finally, Accel Wealth Management acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth approximately $209,000.
First Trust Institutional Preferred Securities and Income ETF Stock Up 0.5%
FPEI stock opened at $18.67 on Tuesday. The firm’s 50 day moving average price is $18.62 and its 200-day moving average price is $19.09. First Trust Institutional Preferred Securities and Income ETF has a one year low of $18.29 and a one 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.
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