Merkkuri Wealth Advisors LLC Takes $1.51 Million Position in First Trust Institutional Preferred Securities and Income ETF $FPEI

Merkkuri Wealth Advisors LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 78,066 shares of the company’s stock, valued at approximately $1,514,000.

A number of other large investors have also modified their holdings of the business. NBC Securities Inc. grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 7.0% during the fourth quarter. NBC Securities Inc. now owns 85,090 shares of the company’s stock worth $1,650,000 after acquiring an additional 5,572 shares during the last quarter. Merit Financial Group LLC grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 12.0% during the fourth quarter. Merit Financial Group LLC now owns 1,852,841 shares of the company’s stock worth $35,927,000 after acquiring an additional 199,054 shares during the last quarter. Greenwood Capital Associates LLC grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 40.4% during the fourth quarter. Greenwood Capital Associates LLC now owns 24,082 shares of the company’s stock worth $467,000 after acquiring an additional 6,929 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 18.6% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 113,137 shares of the company’s stock worth $2,194,000 after acquiring an additional 17,775 shares during the last quarter. Finally, CWM LLC grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 2.0% during the fourth quarter. CWM LLC now owns 243,819 shares of the company’s stock worth $4,728,000 after acquiring an additional 4,716 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of FPEI stock opened at $19.22 on Friday. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $18.34 and a fifty-two week high of $19.61. The stock’s 50-day simple moving average is $19.25 and its 200-day simple moving average is $19.36.

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.