51,485 Shares in First Trust Institutional Preferred Securities and Income ETF $FPEI Acquired by Compass Financial Management LLC

Compass Financial Management LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 51,485 shares of the company’s stock, valued at approximately $993,000. Compass Financial Management LLC owned about 0.05% of First Trust Institutional Preferred Securities and Income ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth $29,000. Arax Advisory Partners acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the fourth quarter valued at $36,000. Colonial Trust Co SC increased 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 purchasing an additional 1,100 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the fourth quarter valued at $84,000. Finally, Greykasell Wealth Strategies Inc. bought a new position in First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth $88,000.

First Trust Institutional Preferred Securities and Income ETF Price Performance

Shares of FPEI opened at $19.04 on Monday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $18.71 and a 12 month high of $19.61. The stock’s 50-day moving average price is $19.21 and its two-hundred day moving average price is $19.25.

About First Trust Institutional Preferred Securities and Income ETF

(Free Report)

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.

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