Shelton Wealth Management LLC Purchases 42,799 Shares of First Trust Institutional Preferred Securities and Income ETF $FPEI

Shelton Wealth Management LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 42,799 shares of the company’s stock, valued at approximately $789,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Annex Advisory Services LLC grew its position in shares of First Trust Institutional Preferred Securities and Income ETF by 6.2% in the 3rd quarter. Annex Advisory Services LLC now owns 1,217,165 shares of the company’s stock worth $22,445,000 after buying an additional 70,956 shares during the last quarter. True Blue Financial LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at approximately $2,718,000. Winnacle Wealth LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at approximately $463,000. Essex LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at approximately $11,825,000. Finally, Walker Asset Management LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at approximately $1,396,000.

First Trust Institutional Preferred Securities and Income ETF Price Performance

NYSEARCA FPEI traded up $0.02 on Friday, hitting $18.54. The stock had a trading volume of 650,877 shares, compared to its average volume of 428,830. The business’s fifty day moving average price is $18.82 and its 200 day moving average price is $19.08. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $18.30 and a 52-week high of $19.61.

First Trust Institutional Preferred Securities and Income ETF Company 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.