Wayfinding Financial LLC Raises Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Wayfinding Financial LLC grew its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 23.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 154,142 shares of the company’s stock after buying an additional 29,416 shares during the period. First Trust Institutional Preferred Securities and Income ETF makes up about 1.5% of Wayfinding Financial LLC’s investment portfolio, making the stock its 16th largest holding. Wayfinding Financial LLC owned about 0.22% of First Trust Institutional Preferred Securities and Income ETF worth $2,882,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Jane Street Group LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at approximately $1,468,000. Park Avenue Securities LLC raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 31.5% during the fourth quarter. Park Avenue Securities LLC now owns 86,415 shares of the company’s stock valued at $1,616,000 after purchasing an additional 20,723 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 20.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 117,606 shares of the company’s stock valued at $2,199,000 after purchasing an additional 19,696 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 21.8% during the third quarter. MML Investors Services LLC now owns 16,341 shares of the company’s stock valued at $312,000 after purchasing an additional 2,925 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter valued at approximately $36,807,000.

First Trust Institutional Preferred Securities and Income ETF Price Performance

FPEI opened at $18.77 on Friday. The firm has a 50 day moving average price of $18.75 and a 200-day moving average price of $18.82. First Trust Institutional Preferred Securities and Income ETF has a twelve month low of $17.90 and a twelve month high of $19.11.

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.