Kingsview Wealth Management LLC Raises Holdings in First Trust Institutional Preferred Securities and Income ETF $FPEI

Kingsview Wealth Management LLC grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 9.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 355,279 shares of the company’s stock after acquiring an additional 31,697 shares during the quarter. Kingsview Wealth Management LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $6,889,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake in First Trust Institutional Preferred Securities and Income ETF by 4,539.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,203,161 shares of the company’s stock worth $81,499,000 after purchasing an additional 4,112,566 shares in the last quarter. Legacy Edge Advisors LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF during the 4th quarter valued at approximately $21,779,000. Smith Chas P & Associates PA Cpas raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 71.2% in the fourth quarter. Smith Chas P & Associates PA Cpas now owns 2,380,461 shares of the company’s stock worth $46,157,000 after buying an additional 989,787 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 103.1% in the third quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,259,000 shares of the company’s stock worth $24,349,000 after buying an additional 639,000 shares during the last quarter. Finally, Westview Management dba Westview Investment Advisors acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth $7,480,000.

First Trust Institutional Preferred Securities and Income ETF Price Performance

Shares of FPEI opened at $19.23 on Friday. The company’s fifty day moving average price is $19.17 and its 200-day moving average price is $19.33. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $18.64 and a 1-year high of $19.61.

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. FPEI was launched on Aug 22, 2017 and is managed by First Trust.