Kingsview Wealth Management LLC Has $5.14 Million Stock Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Kingsview Wealth Management LLC lifted its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 7.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 274,930 shares of the company’s stock after buying an additional 19,891 shares during the period. Kingsview Wealth Management LLC owned about 0.34% of First Trust Institutional Preferred Securities and Income ETF worth $5,141,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FPEI. LPL Financial LLC boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 22.3% in the 4th quarter. LPL Financial LLC now owns 3,518,452 shares of the company’s stock worth $65,795,000 after purchasing an additional 641,323 shares during the last quarter. Royal Bank of Canada raised its stake in First Trust Institutional Preferred Securities and Income ETF by 1.7% during the 4th quarter. Royal Bank of Canada now owns 2,979,652 shares of the company’s stock worth $55,720,000 after buying an additional 48,838 shares during the period. Envestnet Asset Management Inc. raised its stake in First Trust Institutional Preferred Securities and Income ETF by 18.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,463,341 shares of the company’s stock worth $46,064,000 after buying an additional 375,497 shares during the period. NewEdge Advisors LLC raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 8.1% in the 4th quarter. NewEdge Advisors LLC now owns 2,040,509 shares of the company’s stock valued at $38,158,000 after purchasing an additional 152,967 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at about $36,807,000.

First Trust Institutional Preferred Securities and Income ETF Stock Up 0.1%

NYSEARCA:FPEI opened at $19.00 on Friday. The stock’s 50-day simple moving average is $18.84 and its 200 day simple moving average is $18.69. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.81 and a 52-week high of $19.12.

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.