Ameritas Advisory Services LLC Makes New Investment in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Ameritas Advisory Services LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) in the fourth quarter, HoldingsChannel reports. The firm purchased 16,001 shares of the company’s stock, valued at approximately $299,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Walker Asset Management LLC lifted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 1.2% in the fourth quarter. Walker Asset Management LLC now owns 83,390 shares of the company’s stock valued at $1,559,000 after acquiring an additional 1,000 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 31.5% in the 4th quarter. Park Avenue Securities LLC now owns 86,415 shares of the company’s stock valued at $1,616,000 after purchasing an additional 20,723 shares in the last quarter. Park National Corp OH boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 391.8% during the 4th quarter. Park National Corp OH now owns 60,980 shares of the company’s stock worth $1,140,000 after purchasing an additional 48,580 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 202.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 933,926 shares of the company’s stock worth $17,810,000 after purchasing an additional 625,087 shares during the last quarter. Finally, Synovus Financial Corp raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 53.2% in the third quarter. Synovus Financial Corp now owns 29,836 shares of the company’s stock valued at $569,000 after buying an additional 10,361 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA FPEI opened at $18.66 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $17.83 and a 1 year high of $19.11. The firm’s 50 day moving average price is $18.75 and its 200 day moving average price is $18.76.

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.