Envestnet Portfolio Solutions Inc. Purchases 3,456 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Envestnet Portfolio Solutions Inc. raised its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 29.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,158 shares of the company’s stock after purchasing an additional 3,456 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $270,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Private Advisor Group LLC raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 4.6% during the 4th quarter. Private Advisor Group LLC now owns 120,565 shares of the company’s stock valued at $2,150,000 after buying an additional 5,277 shares in the last quarter. Wealthcare Advisory Partners LLC raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 22.1% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 49,544 shares of the company’s stock valued at $883,000 after buying an additional 8,971 shares in the last quarter. Avidian Wealth Solutions LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 4th quarter valued at $2,156,000. ARS Wealth Advisors Group LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 4th quarter valued at $253,000. Finally, Kestra Private Wealth Services LLC raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 6.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 20,729 shares of the company’s stock valued at $370,000 after buying an additional 1,218 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Trading Up 0.4 %

Shares of NYSEARCA:FPEI opened at $18.27 on Friday. The company’s fifty day moving average is $18.15 and its 200 day moving average is $17.87. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $16.44 and a 52 week high of $18.37.

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.