Smith Chas P & Associates PA Cpas Grows Position in First Trust Institutional Preferred Securities and Income ETF $FPEI

Smith Chas P & Associates PA Cpas raised its position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 71.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,380,461 shares of the company’s stock after purchasing an additional 989,787 shares during the quarter. First Trust Institutional Preferred Securities and Income ETF comprises about 2.4% of Smith Chas P & Associates PA Cpas’ investment portfolio, making the stock its 14th biggest holding. Smith Chas P & Associates PA Cpas’ holdings in First Trust Institutional Preferred Securities and Income ETF were worth $46,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC purchased a new position in First Trust Institutional Preferred Securities and Income ETF during the 4th quarter valued at approximately $29,000. AE Wealth Management LLC grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 147.3% during the 3rd quarter. AE Wealth Management LLC now owns 2,728 shares of the company’s stock valued at $53,000 after buying an additional 1,625 shares in the last quarter. Capital Investment Advisory Services LLC grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 1,876.4% during the 4th quarter. Capital Investment Advisory Services LLC now owns 4,447 shares of the company’s stock valued at $86,000 after buying an additional 4,222 shares in the last quarter. Centaurus Financial Inc. purchased a new position in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at approximately $107,000. Finally, Cullen Frost Bankers Inc. purchased a new position in First Trust Institutional Preferred Securities and Income ETF during the 4th quarter valued at approximately $163,000.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

NYSEARCA FPEI opened at $19.23 on Thursday. The business has a 50 day simple moving average of $19.17 and a two-hundred day simple moving average of $19.33. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $18.63 and a 1-year high of $19.61.

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