Ashton Thomas Private Wealth LLC Buys 11,784 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Ashton Thomas Private Wealth LLC increased its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 22.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,708 shares of the company’s stock after purchasing an additional 11,784 shares during the quarter. Ashton Thomas Private Wealth LLC owned approximately 0.09% of First Trust Institutional Preferred Securities and Income ETF worth $1,210,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Smith Chas P & Associates PA Cpas grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 1.8% in the fourth quarter. Smith Chas P & Associates PA Cpas now owns 2,158,373 shares of the company’s stock worth $40,362,000 after purchasing an additional 39,037 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the fourth quarter worth $36,807,000. Truist Financial Corp grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 4.1% in the fourth quarter. Truist Financial Corp now owns 1,065,892 shares of the company’s stock worth $19,932,000 after purchasing an additional 41,898 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 202.4% in the third quarter. JPMorgan Chase & Co. now owns 933,926 shares of the company’s stock worth $17,810,000 after purchasing an additional 625,087 shares during the last quarter. Finally, Adamsbrown Wealth Consultants LLC grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 15.8% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 762,208 shares of the company’s stock worth $14,253,000 after purchasing an additional 103,885 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Price Performance

Shares of First Trust Institutional Preferred Securities and Income ETF stock opened at $18.81 on Monday. First Trust Institutional Preferred Securities and Income ETF has a twelve month low of $17.90 and a twelve month high of $19.11. The company’s fifty day moving average is $18.74 and its 200 day moving average is $18.82.

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.