First Trust Institutional Preferred Securities and Income ETF $FPEI Shares Purchased by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 43.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 487,681 shares of the company’s stock after purchasing an additional 148,284 shares during the quarter. Geneos Wealth Management Inc.’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $9,266,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth about $29,000. Arax Advisory Partners acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the fourth quarter valued at approximately $36,000. Colonial Trust Co SC raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 137.5% in the fourth quarter. Colonial Trust Co SC now owns 1,900 shares of the company’s stock valued at $37,000 after acquiring an additional 1,100 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in First Trust Institutional Preferred Securities and Income ETF in the fourth quarter worth approximately $84,000. Finally, Capital Investment Advisory Services LLC lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 1,876.4% in the fourth quarter. Capital Investment Advisory Services LLC now owns 4,447 shares of the company’s stock worth $86,000 after acquiring an additional 4,222 shares during the last quarter.

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

NYSEARCA FPEI opened at $19.26 on Thursday. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $18.71 and a 52 week high of $19.61. The firm has a 50 day moving average of $19.25 and a two-hundred day moving average of $19.30.

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