Magnus Financial Group LLC Grows Holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Magnus Financial Group LLC grew its position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 1.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,180 shares of the company’s stock after purchasing an additional 917 shares during the period. Magnus Financial Group LLC owned 0.06% of First Trust Institutional Preferred Securities and Income ETF worth $994,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Gladstone Institutional Advisory LLC boosted its position in First Trust Institutional Preferred Securities and Income ETF by 1.1% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 53,835 shares of the company’s stock worth $1,007,000 after acquiring an additional 575 shares during the last quarter. Twin Peaks Wealth Advisors LLC lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 1.1% during the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 53,928 shares of the company’s stock worth $1,008,000 after purchasing an additional 611 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 1.2% during the fourth quarter. Stratos Wealth Partners LTD. now owns 56,821 shares of the company’s stock worth $1,063,000 after purchasing an additional 656 shares during the last quarter. Dunhill Financial LLC boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 15.2% during the fourth quarter. Dunhill Financial LLC now owns 6,359 shares of the company’s stock worth $119,000 after purchasing an additional 839 shares during the last quarter. Finally, Greatmark Investment Partners Inc. grew its position in shares of First Trust Institutional Preferred Securities and Income ETF by 6.5% in the fourth quarter. Greatmark Investment Partners Inc. now owns 14,275 shares of the company’s stock valued at $267,000 after purchasing an additional 875 shares during the period.

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

First Trust Institutional Preferred Securities and Income ETF stock opened at $18.82 on Friday. The stock has a fifty day moving average price of $18.46 and a 200 day moving average price of $18.65. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $17.81 and a 52 week high of $19.11.

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.