Thrivent Financial for Lutherans Acquires 16,615 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Thrivent Financial for Lutherans lifted its position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Get Rating) by 75.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,560 shares of the company’s stock after buying an additional 16,615 shares during the period. Thrivent Financial for Lutherans owned about 0.07% of First Trust Institutional Preferred Securities and Income ETF worth $687,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. AdvisorNet Financial Inc acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth about $36,000. Concourse Financial Group Securities Inc. boosted its position in First Trust Institutional Preferred Securities and Income ETF by 111.7% during the fourth quarter. Concourse Financial Group Securities Inc. now owns 4,933 shares of the company’s stock valued at $88,000 after purchasing an additional 2,603 shares during the last quarter. Centaurus Financial Inc. acquired a new position in First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at approximately $100,000. Private Trust Co. NA acquired a new position in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter valued at approximately $144,000. Finally, Geneos Wealth Management Inc. boosted 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 during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Down 0.2 %

FPEI opened at $16.60 on Thursday. First Trust Institutional Preferred Securities and Income ETF has a 12-month low of $16.10 and a 12-month high of $18.90. The business has a 50 day moving average of $16.67 and a 200-day moving average of $17.57.

First Trust Institutional Preferred Securities and Income ETF Company Profile

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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.