LPL Financial LLC Raises Holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

LPL Financial LLC raised its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 22.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,518,452 shares of the company’s stock after purchasing an additional 641,323 shares during the period. LPL Financial LLC owned approximately 0.05% of First Trust Institutional Preferred Securities and Income ETF worth $65,795,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Smith Chas P & Associates PA Cpas raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 1.8% in the 4th quarter. Smith Chas P & Associates PA Cpas now owns 2,158,373 shares of the company’s stock valued at $40,362,000 after buying an additional 39,037 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter valued at about $36,807,000. Truist Financial Corp raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 4.1% in the 4th quarter. Truist Financial Corp now owns 1,065,892 shares of the company’s stock valued at $19,932,000 after acquiring an additional 41,898 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 202.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 933,926 shares of the company’s stock worth $17,810,000 after acquiring an additional 625,087 shares during the last quarter. Finally, Adamsbrown Wealth Consultants LLC boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 15.8% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 762,208 shares of the company’s stock worth $14,253,000 after purchasing an additional 103,885 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA FPEI opened at $18.76 on Thursday. The business’s 50 day moving average is $18.77 and its two-hundred day moving average is $18.82. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.90 and a 52-week high of $19.11.

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.