Janney Montgomery Scott LLC Purchases 7,912 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Janney Montgomery Scott LLC grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEIFree Report) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 558,824 shares of the company’s stock after acquiring an additional 7,912 shares during the period. Janney Montgomery Scott LLC owned 0.97% of First Trust Institutional Preferred Securities and Income ETF worth $9,433,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Spire Wealth Management raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 26.5% in the third quarter. Spire Wealth Management now owns 58,785 shares of the company’s stock valued at $992,000 after buying an additional 12,304 shares in the last quarter. Western Wealth Management LLC raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 29.0% in the third quarter. Western Wealth Management LLC now owns 35,729 shares of the company’s stock valued at $603,000 after buying an additional 8,040 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at approximately $176,000. Private Advisor Group LLC raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 20.9% in the third quarter. Private Advisor Group LLC now owns 115,288 shares of the company’s stock valued at $1,946,000 after buying an additional 19,893 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 12.6% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 86,033 shares of the company’s stock valued at $1,452,000 after buying an additional 9,599 shares in the last quarter.

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

NYSEARCA FPEI opened at $17.97 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $16.10 and a 1-year high of $18.62. The company has a 50 day moving average of $17.81 and a 200-day moving average of $17.25.

First Trust Institutional Preferred Securities and Income ETF Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

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