Cwm LLC Has $3.58 Million Holdings in First Trust Institutional Preferred Securities and Income ETF $FPEI

Cwm LLC raised its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 14.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 188,336 shares of the company’s stock after acquiring an additional 23,337 shares during the quarter. Cwm LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $3,576,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. LPL Financial LLC lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 9.1% in the first quarter. LPL Financial LLC now owns 3,837,937 shares of the company’s stock valued at $71,769,000 after buying an additional 319,485 shares during the period. Royal Bank of Canada lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 11.9% in the first quarter. Royal Bank of Canada now owns 3,334,754 shares of the company’s stock valued at $62,360,000 after buying an additional 355,102 shares during the period. Envestnet Asset Management Inc. lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 18.0% in the first quarter. Envestnet Asset Management Inc. now owns 2,463,341 shares of the company’s stock valued at $46,064,000 after buying an additional 375,497 shares during the period. Smith Chas P & Associates PA Cpas lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 2.2% in the second quarter. Smith Chas P & Associates PA Cpas now owns 2,292,114 shares of the company’s stock valued at $43,527,000 after buying an additional 49,272 shares during the period. Finally, Merit Financial Group LLC lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 7.8% in the second quarter. Merit Financial Group LLC now owns 1,556,456 shares of the company’s stock valued at $29,557,000 after buying an additional 112,753 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Price Performance

Shares of FPEI opened at $19.46 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.81 and a 52-week high of $19.51. The business’s 50 day moving average price is $19.28 and its two-hundred day moving average price is $18.90.

About First Trust Institutional Preferred Securities and Income ETF

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.