First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Position Lifted by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated raised its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 18.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 30,515 shares of the company’s stock after acquiring an additional 4,798 shares during the period. Silver Oak Securities Incorporated’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $571,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in 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 valued at $17,810,000 after buying an additional 625,087 shares during the last quarter. Fifth Third Securities Inc. acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter worth approximately $6,189,000. Synergy Asset Management LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at approximately $4,951,000. Citizens Financial Group Inc. RI raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 38.5% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 617,850 shares of the company’s stock valued at $11,782,000 after acquiring an additional 171,730 shares in the last quarter. Finally, Adamsbrown Wealth Consultants LLC lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 15.8% during 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 Stock Performance

FPEI stock opened at $18.80 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $17.89 and a 1-year high of $19.11. The firm has a fifty day moving average price of $18.73 and a two-hundred day moving average price of $18.77.

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.