GeoWealth Management LLC increased its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report) by 54.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 43,998 shares of the company’s stock after purchasing an additional 15,455 shares during the quarter. GeoWealth Management LLC owned approximately 0.08% of First Trust Institutional Preferred Securities and Income ETF worth $742,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the company. CWM LLC purchased a new position in First Trust Institutional Preferred Securities and Income ETF during the second quarter valued at $27,000. Venturi Wealth Management LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF during the 1st quarter valued at about $35,000. Stonebridge Capital Advisors LLC purchased a new position in First Trust Institutional Preferred Securities and Income ETF in the fourth quarter worth about $36,000. Money Concepts Capital Corp lifted its position in First Trust Institutional Preferred Securities and Income ETF by 930.1% in the 4th quarter. Money Concepts Capital Corp now owns 2,256 shares of the company’s stock valued at $40,000 after acquiring an additional 2,037 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the first quarter valued at $42,000.
First Trust Institutional Preferred Securities and Income ETF Stock Performance
Shares of First Trust Institutional Preferred Securities and Income ETF stock opened at $17.11 on Tuesday. The company’s 50 day moving average is $16.81 and its 200 day moving average is $16.89. First Trust Institutional Preferred Securities and Income ETF has a twelve month low of $16.10 and a twelve month high of $18.90.
About First Trust Institutional Preferred Securities and Income ETF
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.
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