Flagstar Advisors Inc. Raises Stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Flagstar Advisors Inc. raised its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 12.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 343,245 shares of the company’s stock after purchasing an additional 38,629 shares during the period. First Trust Institutional Preferred Securities and Income ETF accounts for 1.6% of Flagstar Advisors Inc.’s investment portfolio, making the stock its 13th largest holding. Flagstar Advisors Inc.’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $6,419,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FPEI. Global Retirement Partners LLC increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 151.5% in the fourth quarter. Global Retirement Partners LLC now owns 3,036 shares of the company’s stock valued at $57,000 after buying an additional 1,829 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth about $209,000. Fiduciary Trust Co purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at about $263,000. Hobbs Group Advisors LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth about $289,000. Finally, Ameritas Advisory Services LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth approximately $299,000.

First Trust Institutional Preferred Securities and Income ETF Trading Up 0.1 %

Shares of First Trust Institutional Preferred Securities and Income ETF stock opened at $18.87 on Wednesday. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $17.90 and a 52 week high of $19.11. The firm’s 50 day moving average is $18.73 and its two-hundred day moving average is $18.79.

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.