First Trust Institutional Preferred Securities and Income ETF $FPEI Shares Newly Acquired by QP Wealth Management LLC

QP Wealth Management LLC acquired 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 51,608 shares of the company’s stock, valued at approximately $952,000. First Trust Institutional Preferred Securities and Income ETF accounts for about 1.4% of QP Wealth Management LLC’s holdings, making the stock its 26th largest holding.

Several other institutional investors and hedge funds also recently modified their holdings of FPEI. Flynn Zito Capital Management LLC raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 52.2% in the first quarter. Flynn Zito Capital Management LLC now owns 170,481 shares of the company’s stock valued at $3,239,000 after purchasing an additional 58,438 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 43.7% during the first quarter. Geneos Wealth Management Inc. now owns 487,681 shares of the company’s stock worth $9,266,000 after purchasing an additional 148,284 shares during the last quarter. Annex Advisory Services LLC boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 11.8% during the second quarter. Annex Advisory Services LLC now owns 1,146,209 shares of the company’s stock worth $22,110,000 after purchasing an additional 120,692 shares during the last quarter. Winebrenner Capital Management LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF during the third quarter worth $2,309,000. Finally, Rockefeller Capital Management L.P. grew its position in First Trust Institutional Preferred Securities and Income ETF by 19.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 235,810 shares of the company’s stock valued at $4,572,000 after purchasing an additional 37,726 shares in the last quarter.

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

First Trust Institutional Preferred Securities and Income ETF stock opened at $18.49 on Wednesday. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $18.30 and a 1-year high of $19.61. The company has a fifty day simple moving average of $18.80 and a 200 day simple moving average of $19.07.

About First Trust Institutional Preferred Securities and Income ETF

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.