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

Lakeridge Wealth Management LLC raised its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 4.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,074 shares of the company’s stock after buying an additional 3,303 shares during the period. First Trust Institutional Preferred Securities and Income ETF comprises about 0.7% of Lakeridge Wealth Management LLC’s investment portfolio, making the stock its 28th biggest position. Lakeridge Wealth Management LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $1,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in FPEI. Jaffetilchin Investment Partners LLC increased its stake in First Trust Institutional Preferred Securities and Income ETF by 1.2% in the third quarter. Jaffetilchin Investment Partners LLC now owns 44,969 shares of the company’s stock valued at $858,000 after acquiring an additional 537 shares during the last quarter. Gladstone Institutional Advisory LLC boosted its holdings in shares of 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. Stratos Wealth Partners LTD. increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 1.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 56,821 shares of the company’s stock valued at $1,063,000 after purchasing an additional 656 shares during the last quarter. Sutton Place Investors LLC raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 0.9% during the 4th quarter. Sutton Place Investors LLC now owns 115,978 shares of the company’s stock valued at $2,169,000 after buying an additional 983 shares in the last quarter. Finally, Walker Asset Management LLC raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 1.2% during the 4th quarter. Walker Asset Management LLC now owns 83,390 shares of the company’s stock valued at $1,559,000 after buying an additional 1,000 shares in the last quarter.

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

Shares of FPEI opened at $18.86 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $17.90 and a 1 year high of $19.11. The stock has a 50 day simple moving average of $18.73 and a two-hundred day simple moving average of $18.79.

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.