Wambolt & Associates LLC Invests $273,000 in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Wambolt & Associates LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,230 shares of the company’s stock, valued at approximately $273,000. Wambolt & Associates LLC owned 0.07% of First Trust Institutional Preferred Securities and Income ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Morgan Stanley raised its stake in First Trust Institutional Preferred Securities and Income ETF by 28.3% during the 1st quarter. Morgan Stanley now owns 2,184,509 shares of the company’s stock valued at $44,258,000 after purchasing an additional 481,894 shares during the period. Jaffetilchin Investment Partners LLC raised its stake in First Trust Institutional Preferred Securities and Income ETF by 20.0% during the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 591,658 shares of the company’s stock valued at $12,230,000 after purchasing an additional 98,781 shares during the period. UBS Group AG raised its stake in First Trust Institutional Preferred Securities and Income ETF by 2.7% during the 1st quarter. UBS Group AG now owns 497,859 shares of the company’s stock valued at $10,087,000 after purchasing an additional 13,173 shares during the period. LPL Financial LLC raised its stake in First Trust Institutional Preferred Securities and Income ETF by 19.6% during the 2nd quarter. LPL Financial LLC now owns 350,675 shares of the company’s stock valued at $7,248,000 after purchasing an additional 57,433 shares during the period. Finally, Welch & Forbes LLC raised its stake in First Trust Institutional Preferred Securities and Income ETF by 15.5% during the 2nd quarter. Welch & Forbes LLC now owns 333,948 shares of the company’s stock valued at $6,902,000 after purchasing an additional 44,895 shares during the period.

Shares of FPEI opened at $20.62 on Thursday. The business’s 50 day moving average is $20.73 and its 200 day moving average is $20.62. First Trust Institutional Preferred Securities and Income ETF has a 12-month low of $19.28 and a 12-month high of $20.93.

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Institutional Ownership by Quarter for First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

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