Hobbs Group Advisors LLC Takes $289,000 Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Hobbs Group Advisors LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,141 shares of the company’s stock, valued at approximately $289,000.

Other institutional investors have also modified their holdings of the company. MML Investors Services LLC grew its position in First Trust Institutional Preferred Securities and Income ETF by 21.8% during the 3rd quarter. MML Investors Services LLC now owns 16,341 shares of the company’s stock worth $312,000 after purchasing an additional 2,925 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter worth about $1,468,000. Stifel Financial Corp grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 28.9% during the third quarter. Stifel Financial Corp now owns 317,864 shares of the company’s stock worth $6,062,000 after buying an additional 71,345 shares during the last quarter. HighTower Advisors LLC increased its position in First Trust Institutional Preferred Securities and Income ETF by 63.3% in the 3rd quarter. HighTower Advisors LLC now owns 134,694 shares of the company’s stock valued at $2,569,000 after acquiring an additional 52,206 shares during the period. Finally, Plotkin Financial Advisors LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at approximately $398,000.

First Trust Institutional Preferred Securities and Income ETF Trading Down 0.1 %

Shares of FPEI stock opened at $18.90 on Wednesday. The business’s 50 day moving average is $18.87 and its two-hundred day moving average is $18.69. First Trust Institutional Preferred Securities and Income ETF has a twelve month low of $17.45 and a twelve month high of $19.11.

About First Trust Institutional Preferred Securities and Income ETF

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.