RFG Advisory LLC Raises Holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

RFG Advisory LLC increased its position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 97.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,397 shares of the company’s stock after buying an additional 46,966 shares during the period. RFG Advisory LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $1,784,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 82.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,645 shares of the company’s stock valued at $196,000 after buying an additional 4,824 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth approximately $209,000. Park National Corp OH purchased a new stake in First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at approximately $236,000. Fiduciary Trust Co acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at approximately $263,000. Finally, Hobbs Group Advisors LLC purchased a new position in First Trust Institutional Preferred Securities and Income ETF in the third quarter worth $289,000.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of FPEI opened at $18.66 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $17.89 and a 12 month high of $19.11. The stock has a fifty day moving average price of $18.75 and a 200-day moving average price of $18.76.

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.