Beacon Financial Advisory LLC Has $845,000 Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Beacon Financial Advisory LLC lifted its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 37.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 45,196 shares of the company’s stock after buying an additional 12,261 shares during the quarter. Beacon Financial Advisory LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $845,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 82.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,645 shares of the company’s stock valued at $196,000 after buying an additional 4,824 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at $209,000. Fiduciary Trust Co bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at $263,000. NBC Securities Inc. boosted its stake in First Trust Institutional Preferred Securities and Income ETF by 50.4% in the 3rd quarter. NBC Securities Inc. now owns 15,178 shares of the company’s stock worth $289,000 after purchasing an additional 5,087 shares during the period. Finally, Hobbs Group Advisors LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth about $289,000.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of First Trust Institutional Preferred Securities and Income ETF stock opened at $18.76 on Thursday. The stock’s 50-day moving average is $18.73 and its 200-day moving average is $18.77. First Trust Institutional Preferred Securities and Income ETF has a one year low of $17.89 and a one year 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.