Hobbs Group Advisors LLC Raises Stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Hobbs Group Advisors LLC boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 74.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 26,339 shares of the company’s stock after purchasing an additional 11,198 shares during the quarter. Hobbs Group Advisors LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $493,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fiduciary Trust Co purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter worth $263,000. Plotkin Financial Advisors LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at about $398,000. HighTower Advisors LLC raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 63.3% during the 3rd quarter. HighTower Advisors LLC now owns 134,694 shares of the company’s stock valued at $2,569,000 after buying an additional 52,206 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 28.9% in the 3rd quarter. Stifel Financial Corp now owns 317,864 shares of the company’s stock valued at $6,062,000 after buying an additional 71,345 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter worth about $1,468,000.

First Trust Institutional Preferred Securities and Income ETF Trading Down 0.1 %

Shares of FPEI stock opened at $18.66 on Friday. First Trust Institutional Preferred Securities and Income ETF has a twelve month low of $17.90 and a twelve month high of $19.11. The stock has a 50 day moving average of $18.77 and a 200 day moving average of $18.82.

First Trust Institutional Preferred Securities and Income ETF 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.