Collaborative Wealth Managment Inc. Increases Holdings in First Trust Institutional Preferred Securities and Income ETF $FPEI

Collaborative Wealth Managment Inc. increased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 84.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 165,370 shares of the company’s stock after purchasing an additional 75,784 shares during the period. First Trust Institutional Preferred Securities and Income ETF accounts for about 1.1% of Collaborative Wealth Managment Inc.’s holdings, making the stock its 21st biggest holding. Collaborative Wealth Managment Inc.’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $3,207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in FPEI. Northwestern Mutual Wealth Management Co. boosted its position in First Trust Institutional Preferred Securities and Income ETF by 4,539.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,203,161 shares of the company’s stock worth $81,499,000 after purchasing an additional 4,112,566 shares during the period. Legacy Edge Advisors LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth $21,779,000. FUKOKU MUTUAL LIFE INSURANCE Co boosted its position in First Trust Institutional Preferred Securities and Income ETF by 103.1% during the 3rd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,259,000 shares of the company’s stock worth $24,349,000 after purchasing an additional 639,000 shares during the period. Westview Management dba Westview Investment Advisors purchased a new stake in First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth $7,480,000. Finally, Raymond James Financial Inc. boosted its position in First Trust Institutional Preferred Securities and Income ETF by 12.4% during the 2nd quarter. Raymond James Financial Inc. now owns 2,006,953 shares of the company’s stock worth $38,112,000 after purchasing an additional 222,032 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Price Performance

Shares of First Trust Institutional Preferred Securities and Income ETF stock opened at $19.15 on Tuesday. The company has a fifty day moving average price of $19.17 and a 200 day moving average price of $19.33. First Trust Institutional Preferred Securities and Income ETF has a twelve month low of $18.51 and a twelve month 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.