First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Shares Purchased by Silver Oak Securities Incorporated

Silver Oak Securities Incorporated raised its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 18.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,515 shares of the company’s stock after purchasing an additional 4,798 shares during the quarter. Silver Oak Securities Incorporated’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $571,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in FPEI. JPMorgan Chase & Co. boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 202.4% in the third quarter. JPMorgan Chase & Co. now owns 933,926 shares of the company’s stock valued at $17,810,000 after acquiring an additional 625,087 shares during the last quarter. Fifth Third Securities Inc. acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at about $6,189,000. Synergy Asset Management LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth about $4,951,000. Citizens Financial Group Inc. RI increased its position in First Trust Institutional Preferred Securities and Income ETF by 38.5% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 617,850 shares of the company’s stock worth $11,782,000 after purchasing an additional 171,730 shares in the last quarter. Finally, Adamsbrown Wealth Consultants LLC raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 15.8% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 762,208 shares of the company’s stock valued at $14,253,000 after buying an additional 103,885 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

FPEI opened at $18.80 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.89 and a 52-week high of $19.11. The company has a 50 day moving average of $18.73 and a two-hundred day moving average of $18.77.

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.