J.W. Cole Advisors Inc. Purchases 5,730 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

J.W. Cole Advisors Inc. grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 5.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,535 shares of the company’s stock after purchasing an additional 5,730 shares during the quarter. J.W. Cole Advisors Inc. owned about 0.16% of First Trust Institutional Preferred Securities and Income ETF worth $2,048,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Principal Securities Inc. grew its position in shares of First Trust Institutional Preferred Securities and Income ETF by 11.7% in the fourth quarter. Principal Securities Inc. now owns 137,257 shares of the company’s stock valued at $2,567,000 after purchasing an additional 14,371 shares in the last quarter. Lakeridge Wealth Management LLC grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 4.6% during the 4th quarter. Lakeridge Wealth Management LLC now owns 75,074 shares of the company’s stock valued at $1,404,000 after buying an additional 3,303 shares in the last quarter. Hickory Asset Management Inc. bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter valued at about $909,000. BXM Wealth LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the fourth quarter worth about $626,000. Finally, Nations Financial Group Inc. IA ADV boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 3.6% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 73,690 shares of the company’s stock valued at $1,378,000 after acquiring an additional 2,535 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Stock Up 0.2 %

First Trust Institutional Preferred Securities and Income ETF stock opened at $18.86 on Tuesday. The firm’s 50 day simple moving average is $18.73 and its 200 day simple moving average is $18.79. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $17.90 and a 1-year high of $19.11.

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.