641,282 Shares in First Trust Institutional Preferred Securities and Income ETF $FPEI Acquired by Essex LLC

Essex LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 641,282 shares of the company’s stock, valued at approximately $11,825,000. First Trust Institutional Preferred Securities and Income ETF accounts for about 1.7% of Essex LLC’s portfolio, making the stock its 13th biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Kestra Private Wealth Services LLC grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 1.3% in the 1st quarter. Kestra Private Wealth Services LLC now owns 54,363 shares of the company’s stock valued at $1,033,000 after buying an additional 722 shares in the last quarter. Platform Technology Partners lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 3.0% in the 1st quarter. Platform Technology Partners now owns 66,481 shares of the company’s stock valued at $1,263,000 after purchasing an additional 1,956 shares during the last quarter. Sigma Planning Corp lifted its position in First Trust Institutional Preferred Securities and Income ETF by 3.8% in the first quarter. Sigma Planning Corp now owns 67,531 shares of the company’s stock valued at $1,283,000 after buying an additional 2,441 shares during the last quarter. LFA Lugano Financial Advisors SA increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 18.3% during the first quarter. LFA Lugano Financial Advisors SA now owns 28,400 shares of the company’s stock valued at $537,000 after acquiring an additional 4,400 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 15.5% in the 1st quarter. Sanctuary Advisors LLC now owns 39,221 shares of the company’s stock valued at $745,000 after purchasing an additional 5,253 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Trading Down 0.3%

Shares of NYSEARCA FPEI traded down $0.06 during trading on Wednesday, reaching $18.51. The stock had a trading volume of 501,583 shares, compared to its average volume of 426,707. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $18.30 and a fifty-two week high of $19.61. The business’s 50-day moving average price is $18.86 and its 200-day moving average price is $19.08.

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. FPEI was launched on Aug 22, 2017 and is managed by First Trust.