First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Position Increased by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC increased its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 28.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 25,896 shares of the company’s stock after acquiring an additional 5,693 shares during the period. Main Street Financial Solutions LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in FPEI. LPL Financial LLC lifted its position in First Trust Institutional Preferred Securities and Income ETF by 14.3% in the 2nd quarter. LPL Financial LLC now owns 2,835,054 shares of the company’s stock valued at $52,080,000 after purchasing an additional 353,767 shares during the last quarter. Smith Chas P & Associates PA Cpas boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 0.7% in the second quarter. Smith Chas P & Associates PA Cpas now owns 2,117,629 shares of the company’s stock valued at $38,901,000 after acquiring an additional 13,776 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 8.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,388,483 shares of the company’s stock valued at $25,506,000 after acquiring an additional 108,761 shares during the period. Key Financial Inc raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 8.3% during the third quarter. Key Financial Inc now owns 968,389 shares of the company’s stock worth $18,467,000 after purchasing an additional 74,532 shares in the last quarter. Finally, Truist Financial Corp lifted its position in First Trust Institutional Preferred Securities and Income ETF by 4.2% in the second quarter. Truist Financial Corp now owns 764,290 shares of the company’s stock worth $14,040,000 after purchasing an additional 30,547 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Price Performance

FPEI opened at $18.84 on Friday. The stock’s fifty day moving average is $18.92 and its 200-day moving average is $18.60. First Trust Institutional Preferred Securities and Income ETF has a one year low of $17.00 and a one year 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.