Lakeridge Wealth Management LLC Increases Holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Lakeridge Wealth Management LLC lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 75,074 shares of the company’s stock after purchasing an additional 3,303 shares during the quarter. First Trust Institutional Preferred Securities and Income ETF accounts for about 0.7% of Lakeridge Wealth Management LLC’s holdings, making the stock its 28th largest position. Lakeridge Wealth Management LLC owned about 0.11% of First Trust Institutional Preferred Securities and Income ETF worth $1,404,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in FPEI. Hickory Asset Management Inc. bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter valued at about $909,000. BXM Wealth LLC purchased a new position in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter valued at approximately $626,000. Nations Financial Group Inc. IA ADV increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 3.6% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 73,690 shares of the company’s stock worth $1,378,000 after acquiring an additional 2,535 shares during the period. Gladstone Institutional Advisory LLC lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 1.1% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 53,835 shares of the company’s stock worth $1,007,000 after purchasing an additional 575 shares in the last quarter. Finally, Sovran Advisors LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF in the 4th quarter worth approximately $914,000.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

FPEI opened at $18.86 on Friday. First Trust Institutional Preferred Securities and Income ETF has a one year low of $17.90 and a one year high of $19.11. The company has a fifty day moving average price of $18.73 and a 200-day moving average price of $18.79.

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.