Kingsview Wealth Management LLC Boosts Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Kingsview Wealth Management LLC raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 2.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 225,720 shares of the company’s stock after buying an additional 4,952 shares during the quarter. Kingsview Wealth Management LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $4,304,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Flagstar Advisors Inc. grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 16.2% during the 3rd quarter. Flagstar Advisors Inc. now owns 304,616 shares of the company’s stock valued at $5,809,000 after buying an additional 42,544 shares in the last quarter. Trustmark National Bank Trust Department grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 4.7% during the third quarter. Trustmark National Bank Trust Department now owns 29,590 shares of the company’s stock worth $564,000 after purchasing an additional 1,331 shares in the last quarter. Citizens Financial Group Inc. RI grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 38.5% during the third quarter. Citizens Financial Group Inc. RI now owns 617,850 shares of the company’s stock worth $11,782,000 after purchasing an additional 171,730 shares in the last quarter. Prospera Financial Services Inc grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 3.8% during the third quarter. Prospera Financial Services Inc now owns 42,842 shares of the company’s stock worth $817,000 after purchasing an additional 1,556 shares in the last quarter. Finally, Main Street Financial Solutions LLC grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 28.2% during the third quarter. Main Street Financial Solutions LLC now owns 25,896 shares of the company’s stock worth $494,000 after purchasing an additional 5,693 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA FPEI opened at $18.72 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $17.03 and a 12 month high of $19.11. The business has a 50-day moving average of $18.92 and a 200-day moving average of $18.63.

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.