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United Capital Management of KS Inc. Grows Stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Financial News Live ·  Apr 13, 2023 22:42

United Capital Management of KS Inc. lifted its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Get Rating) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,589 shares of the company's stock after purchasing an additional 4,397 shares during the quarter. United Capital Management of KS Inc. owned 0.21% of First Trust Institutional Preferred Securities and Income ETF worth $2,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. B. Riley Wealth Management Inc. raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 1.1% in the second quarter. B. Riley Wealth Management Inc. now owns 89,448 shares of the company's stock worth $1,585,000 after purchasing an additional 1,000 shares during the last quarter. Shelton Wealth Management LLC lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 0.4% during the 3rd quarter. Shelton Wealth Management LLC now owns 279,236 shares of the company's stock valued at $4,789,000 after acquiring an additional 1,095 shares during the period. Forum Private Client Group LLC boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 4.8% during the 3rd quarter. Forum Private Client Group LLC now owns 31,976 shares of the company's stock valued at $548,000 after acquiring an additional 1,469 shares during the last quarter. Sutton Place Investors LLC grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 1.4% in the fourth quarter. Sutton Place Investors LLC now owns 111,180 shares of the company's stock worth $1,980,000 after acquiring an additional 1,560 shares during the period. Finally, Crumly & Associates Inc. raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 1.9% during the third quarter. Crumly & Associates Inc. now owns 99,916 shares of the company's stock valued at $1,714,000 after purchasing an additional 1,858 shares during the last quarter.

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First Trust Institutional Preferred Securities and Income ETF Stock Performance

FPEI stock opened at $16.77 on Thursday. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $16.10 and a 1 year high of $19.34. The stock's fifty day moving average price is $17.62 and its 200-day moving average price is $17.70.

About First Trust Institutional Preferred Securities and Income ETF

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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.

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Want to see what other hedge funds are holding FPEI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Get Rating).

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