Balanced Rock Investment Advisors LLC Purchases 4,801 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Balanced Rock Investment Advisors LLC grew its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 35.6% in the 4th quarter, HoldingsChannel reports. The firm owned 18,275 shares of the company’s stock after buying an additional 4,801 shares during the quarter. Balanced Rock Investment Advisors LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of FPEI. Raymond James Financial Inc. purchased a new position in First Trust Institutional Preferred Securities and Income ETF in the fourth quarter worth $36,807,000. JPMorgan Chase & Co. lifted its position in First Trust Institutional Preferred Securities and Income ETF by 69.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,586,258 shares of the company’s stock valued at $29,663,000 after purchasing an additional 652,332 shares during the period. LPL Financial LLC boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 22.3% in the fourth quarter. LPL Financial LLC now owns 3,518,452 shares of the company’s stock worth $65,795,000 after buying an additional 641,323 shares during the last quarter. Stonebridge Advisors LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth approximately $6,867,000. Finally, Fifth Third Securities Inc. acquired a new stake in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter valued at $6,189,000.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of First Trust Institutional Preferred Securities and Income ETF stock opened at $18.25 on Friday. First Trust Institutional Preferred Securities and Income ETF has a twelve month low of $17.81 and a twelve month high of $19.11. The business has a 50-day moving average price of $18.62 and a 200 day moving average price of $18.74.

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.