First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Shares Purchased by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 1.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 74,385 shares of the company’s stock after acquiring an additional 875 shares during the period. Nations Financial Group Inc. IA ADV owned about 0.11% of First Trust Institutional Preferred Securities and Income ETF worth $1,366,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FPEI. Park Avenue Securities LLC lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 12.0% in the 2nd quarter. Park Avenue Securities LLC now owns 51,972 shares of the company’s stock valued at $955,000 after buying an additional 5,575 shares in the last quarter. Kingsview Wealth Management LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the fourth quarter valued at approximately $3,276,000. Wealthcare Advisory Partners LLC boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 22.1% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 49,544 shares of the company’s stock worth $883,000 after acquiring an additional 8,971 shares during the last quarter. PNC Financial Services Group Inc. purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth approximately $45,000. Finally, Avidian Wealth Solutions LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth approximately $2,156,000.

First Trust Institutional Preferred Securities and Income ETF Price Performance

FPEI remained flat at $18.76 on Friday. 1,000,185 shares of the company’s stock traded hands, compared to its average volume of 297,118. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $16.44 and a 52 week high of $18.78. The firm’s fifty day simple moving average is $18.53 and its 200-day simple moving average is $18.30.

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.