Merkkuri Wealth Advisors LLC Purchases 70,366 Shares of First Trust Institutional Preferred Securities and Income ETF $FPEI

Merkkuri Wealth Advisors LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 70,366 shares of the company’s stock, valued at approximately $1,298,000. Merkkuri Wealth Advisors LLC owned 0.07% of First Trust Institutional Preferred Securities and Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in FPEI. Farther Finance Advisors LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth about $126,000. International Assets Investment Management LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth $188,000. Valmark Advisers Inc. bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 1st quarter worth $192,000. Independent Financial Group LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the first quarter valued at about $199,000. Finally, Accel Wealth Management acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at approximately $209,000.

First Trust Institutional Preferred Securities and Income ETF Stock Up 0.3%

Shares of FPEI traded up $0.06 during mid-day trading on Friday, hitting $18.58. The company’s stock had a trading volume of 451,118 shares, compared to its average volume of 456,059. The stock’s 50-day moving average is $18.63 and its two-hundred day moving average is $19.10. First Trust Institutional Preferred Securities and Income ETF has a one year low of $18.29 and a one year 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.