Walker Asset Management LLC Has $1.57 Million Stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Walker Asset Management LLC reduced its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 8.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 82,390 shares of the company’s stock after selling 7,465 shares during the period. First Trust Institutional Preferred Securities and Income ETF makes up about 1.0% of Walker Asset Management LLC’s investment portfolio, making the stock its 17th biggest position. Walker Asset Management LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $1,571,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FPEI. American Institute for Advanced Investment Management LLP boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 102.0% during the third quarter. American Institute for Advanced Investment Management LLP now owns 25,350 shares of the company’s stock worth $483,000 after buying an additional 12,800 shares during the last quarter. McAdam LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth about $330,000. Private Advisor Group LLC grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 5.3% in the 3rd quarter. Private Advisor Group LLC now owns 154,750 shares of the company’s stock valued at $2,951,000 after acquiring an additional 7,777 shares in the last quarter. NBC Securities Inc. increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 50.4% in the third quarter. NBC Securities Inc. now owns 15,178 shares of the company’s stock valued at $289,000 after acquiring an additional 5,087 shares during the last quarter. Finally, Adamsbrown Wealth Consultants LLC raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 6.1% during the third quarter. Adamsbrown Wealth Consultants LLC now owns 658,323 shares of the company’s stock worth $12,554,000 after acquiring an additional 37,664 shares in the last quarter.

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

FPEI stock traded down $0.01 during mid-day trading on Thursday, reaching $18.83. The company had a trading volume of 59,948 shares, compared to its average volume of 315,061. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $16.44 and a 52 week high of $19.11. The stock has a 50 day simple moving average of $18.89 and a two-hundred day simple moving average of $18.52.

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.