Key Financial Inc Purchases 404,949 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Key Financial Inc raised its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 94.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 832,976 shares of the company’s stock after purchasing an additional 404,949 shares during the period. First Trust Institutional Preferred Securities and Income ETF accounts for approximately 4.1% of Key Financial Inc’s portfolio, making the stock its 2nd biggest holding. Key Financial Inc owned approximately 1.44% of First Trust Institutional Preferred Securities and Income ETF worth $14,852,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of FPEI. Stonebridge Capital Advisors LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth $36,000. Money Concepts Capital Corp lifted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 930.1% in the 4th quarter. Money Concepts Capital Corp now owns 2,256 shares of the company’s stock valued at $40,000 after purchasing an additional 2,037 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in First Trust Institutional Preferred Securities and Income ETF during the first quarter worth approximately $42,000. Benjamin Edwards Inc. acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 2nd quarter valued at $69,000. Finally, Wells Fargo & Company MN grew its position in First Trust Institutional Preferred Securities and Income ETF by 314.7% during the 4th quarter. Wells Fargo & Company MN now owns 7,954 shares of the company’s stock worth $142,000 after purchasing an additional 6,036 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Up 0.3 %

First Trust Institutional Preferred Securities and Income ETF stock traded up $0.06 during mid-day trading on Wednesday, reaching $17.97. 267,616 shares of the company were exchanged, compared to its average volume of 327,054. The firm’s 50-day simple moving average is $18.11 and its two-hundred day simple moving average is $17.59. First Trust Institutional Preferred Securities and Income ETF has a twelve month low of $16.39 and a twelve month high of $18.28.

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.