Shelton Wealth Management LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report) in the third quarter, Holdings Channel reports. The firm bought 42,799 shares of the company’s stock, valued at approximately $789,000.
Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth approximately $126,000. Valmark Advisers Inc. acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the first quarter worth $192,000. Independent Financial Group LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the first quarter worth $199,000. Accel Wealth Management purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at $209,000. Finally, D.A. Davidson & CO. purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the first quarter valued at $247,000.
First Trust Institutional Preferred Securities and Income ETF Price Performance
Shares of NYSEARCA FPEI traded up $0.02 during mid-day trading on Friday, hitting $18.54. The stock had a trading volume of 650,877 shares, compared to its average volume of 428,830. The company has a 50 day moving average of $18.82 and a two-hundred day moving average of $19.08. First Trust Institutional Preferred Securities and Income ETF has a twelve month low of $18.30 and a twelve month high of $19.61.
First Trust Institutional Preferred Securities and Income ETF 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.
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Want to see what other hedge funds are holding FPEI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report).
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