Ashton Thomas Private Wealth LLC Has $1.21 Million Stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Ashton Thomas Private Wealth LLC boosted its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 22.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,708 shares of the company’s stock after buying an additional 11,784 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $1,210,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 151.5% in the fourth quarter. Global Retirement Partners LLC now owns 3,036 shares of the company’s stock valued at $57,000 after buying an additional 1,829 shares during the period. Private Trust Co. NA raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 17.2% during the fourth quarter. Private Trust Co. NA now owns 9,293 shares of the company’s stock valued at $174,000 after purchasing an additional 1,364 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at about $209,000. Fiduciary Trust Co acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at about $263,000. Finally, Hobbs Group Advisors LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at about $289,000.

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

Shares of NYSEARCA FPEI opened at $18.81 on Monday. The firm’s 50-day moving average price is $18.74 and its 200-day moving average price is $18.82. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $17.90 and a 1-year high of $19.11.

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.