Smith Chas P & Associates PA Cpas Purchases 2,410,152 Shares of First Trust Institutional Preferred Securities and Income ETF $FPEI

Smith Chas P & Associates PA Cpas acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,410,152 shares of the company’s stock, valued at approximately $44,684,000. First Trust Institutional Preferred Securities and Income ETF accounts for 2.2% of Smith Chas P & Associates PA Cpas’ portfolio, making the stock its 20th biggest position. Smith Chas P & Associates PA Cpas owned approximately 2.39% of First Trust Institutional Preferred Securities and Income ETF as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Magnus Financial Group LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at about $909,000. Fifth Third Securities Inc. acquired a new position in First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at approximately $1,211,000. QP Wealth Management LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter worth $952,000. Integrated Advisors Network LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth about $233,000. Finally, Maia Wealth LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at about $357,000.

First Trust Institutional Preferred Securities and Income ETF Trading Down 0.5%

FPEI opened at $18.39 on Thursday. The firm’s fifty day moving average is $18.78 and its two-hundred day moving average is $19.07. First Trust Institutional Preferred Securities and Income ETF has a twelve month low of $18.30 and a twelve month high of $19.61.

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.