Cetera Advisors LLC Acquires 38,181 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Cetera Advisors LLC raised its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 84.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 83,350 shares of the company’s stock after buying an additional 38,181 shares during the quarter. Cetera Advisors LLC owned about 0.15% of First Trust Institutional Preferred Securities and Income ETF worth $1,404,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FPEI. Morgan Stanley grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 82.9% during the fourth quarter. Morgan Stanley now owns 9,641,987 shares of the company’s stock worth $171,724,000 after buying an additional 4,370,563 shares in the last quarter. Citizens Business Bank grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 4,319.1% during the 1st quarter. Citizens Business Bank now owns 1,097,619 shares of the company’s stock worth $18,385,000 after acquiring an additional 1,072,781 shares in the last quarter. LPL Financial LLC raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 73.6% in the first quarter. LPL Financial LLC now owns 1,942,356 shares of the company’s stock valued at $32,534,000 after purchasing an additional 823,384 shares during the last quarter. UBS Group AG lifted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 23.3% in the first quarter. UBS Group AG now owns 3,650,560 shares of the company’s stock worth $61,147,000 after purchasing an additional 690,781 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter worth $9,678,000.

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

First Trust Institutional Preferred Securities and Income ETF stock opened at $17.11 on Tuesday. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $16.10 and a 1-year high of $18.90. The company has a fifty day simple moving average of $16.81 and a 200 day simple moving average of $16.89.

First Trust Institutional Preferred Securities and Income ETF 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.