29,029 Shares in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Acquired by Flavin Financial Services Inc.

Flavin Financial Services Inc. bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 29,029 shares of the company’s stock, valued at approximately $543,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Jaffetilchin Investment Partners LLC increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 1.2% during the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 44,969 shares of the company’s stock worth $858,000 after acquiring an additional 537 shares during the period. Sutton Place Investors LLC grew its stake in First Trust Institutional Preferred Securities and Income ETF by 0.9% in the 4th quarter. Sutton Place Investors LLC now owns 115,978 shares of the company’s stock worth $2,169,000 after buying an additional 983 shares in the last quarter. Walker Asset Management LLC grew its stake in First Trust Institutional Preferred Securities and Income ETF by 1.2% in the 4th quarter. Walker Asset Management LLC now owns 83,390 shares of the company’s stock worth $1,559,000 after buying an additional 1,000 shares in the last quarter. Trustmark National Bank Trust Department grew its stake in First Trust Institutional Preferred Securities and Income ETF by 4.7% in the 3rd quarter. Trustmark National Bank Trust Department now owns 29,590 shares of the company’s stock worth $564,000 after buying an additional 1,331 shares in the last quarter. Finally, Prospera Financial Services Inc grew its stake in First Trust Institutional Preferred Securities and Income ETF by 3.8% in the 3rd quarter. Prospera Financial Services Inc now owns 42,842 shares of the company’s stock worth $817,000 after buying an additional 1,556 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Price Performance

FPEI stock opened at $18.69 on Tuesday. First Trust Institutional Preferred Securities and Income ETF has a one year low of $17.89 and a one year high of $19.11. The firm has a 50 day simple moving average of $18.73 and a two-hundred day simple moving average of $18.77.

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.