123,087 Shares in First Trust Institutional Preferred Securities and Income ETF $FPEI Purchased by Welch & Forbes LLC

Welch & Forbes LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 123,087 shares of the company’s stock, valued at approximately $2,270,000. Welch & Forbes LLC owned approximately 0.12% of First Trust Institutional Preferred Securities and Income ETF at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. United Capital Management of KS Inc. acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at approximately $1,056,000. Montis Financial LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth $35,704,000. American Institute for Advanced Investment Management LLP acquired a new stake in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth $659,000. Merkkuri Wealth Advisors LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth $1,298,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter worth $1,559,000.

First Trust Institutional Preferred Securities and Income ETF Stock Down 0.1%

First Trust Institutional Preferred Securities and Income ETF stock opened at $18.65 on Wednesday. The company has a fifty day simple moving average of $18.61 and a 200-day simple moving average of $19.09. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $18.29 and a 52-week high of $19.61.

First Trust Institutional Preferred Securities and Income ETF Company 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. FPEI was launched on Aug 22, 2017 and is managed by First Trust.