Kingswood Wealth Advisors LLC Acquires 8,350 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Kingswood Wealth Advisors LLC grew its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 72.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,900 shares of the company’s stock after purchasing an additional 8,350 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $372,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FPEI. Northwestern Mutual Wealth Management Co. raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 82.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,645 shares of the company’s stock valued at $196,000 after purchasing an additional 4,824 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at about $209,000. Park National Corp OH bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at about $236,000. Fiduciary Trust Co purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter worth approximately $263,000. Finally, NBC Securities Inc. grew its position in shares of First Trust Institutional Preferred Securities and Income ETF by 50.4% in the 3rd quarter. NBC Securities Inc. now owns 15,178 shares of the company’s stock worth $289,000 after buying an additional 5,087 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Up 0.2 %

Shares of First Trust Institutional Preferred Securities and Income ETF stock opened at $18.72 on Friday. The firm’s 50 day moving average price is $18.74 and its 200-day moving average price is $18.77. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.89 and a 52-week 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.