Commonwealth Equity Services LLC Increases Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Commonwealth Equity Services LLC raised its position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 74.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 465,283 shares of the company’s stock after buying an additional 198,201 shares during the period. Commonwealth Equity Services LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $8,701,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of FPEI. Jane Street Group LLC purchased a new position in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at about $1,468,000. Park Avenue Securities LLC boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 31.5% in the fourth quarter. Park Avenue Securities LLC now owns 86,415 shares of the company’s stock valued at $1,616,000 after purchasing an additional 20,723 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 20.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 117,606 shares of the company’s stock valued at $2,199,000 after purchasing an additional 19,696 shares during the period. MML Investors Services LLC grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 21.8% in the third quarter. MML Investors Services LLC now owns 16,341 shares of the company’s stock valued at $312,000 after purchasing an additional 2,925 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth approximately $36,807,000.

First Trust Institutional Preferred Securities and Income ETF Trading Up 0.2 %

First Trust Institutional Preferred Securities and Income ETF stock opened at $18.76 on Thursday. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.90 and a 52-week high of $19.11. The company’s 50 day moving average is $18.75 and its two-hundred day moving average is $18.82.

First Trust Institutional Preferred Securities and Income ETF Company Profile

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.