AE Wealth Management LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 118,966 shares of the company's stock, valued at approximately $2,119,000. AE Wealth Management LLC owned 0.22% of First Trust Institutional Preferred Securities and Income ETF at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. United Capital Management of KS Inc. raised its position in First Trust Institutional Preferred Securities and Income ETF by 4.0% during the fourth quarter. United Capital Management of KS Inc. now owns 113,589 shares of the company's stock valued at $2,023,000 after buying an additional 4,397 shares during the period. Geneos Wealth Management Inc. grew its position in First Trust Institutional Preferred Securities and Income ETF by 260.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 8,182 shares of the company's stock valued at $146,000 after purchasing an additional 5,911 shares in the last quarter. Concourse Financial Group Securities Inc. increased its stake in First Trust Institutional Preferred Securities and Income ETF by 111.7% in the 4th quarter. Concourse Financial Group Securities Inc. now owns 4,933 shares of the company's stock valued at $88,000 after buying an additional 2,603 shares during the period. Clearwater Capital Advisors LLC lifted its position in First Trust Institutional Preferred Securities and Income ETF by 26.4% in the 4th quarter. Clearwater Capital Advisors LLC now owns 560,810 shares of the company's stock worth $9,988,000 after buying an additional 116,957 shares in the last quarter. Finally, Adamsbrown Wealth Consultants LLC boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 17.2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 537,680 shares of the company's stock valued at $9,576,000 after buying an additional 78,988 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

First Trust Institutional Preferred Securities and Income ETF stock opened at $16.92 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $16.10 and a 12 month high of $19.15. The company's fifty day simple moving average is $17.40 and its 200-day simple moving average is $17.67.

About First Trust Institutional Preferred Securities and Income ETF

(Get Rating)

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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