Elevation Wealth Partners LLC Makes New $587,000 Investment in First Trust Institutional Preferred Securities and Income ETF $FPEI

Elevation Wealth Partners LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 31,829 shares of the company’s stock, valued at approximately $587,000.

Several other large investors have also modified their holdings of the business. Flynn Zito Capital Management LLC grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 52.2% in the first quarter. Flynn Zito Capital Management LLC now owns 170,481 shares of the company’s stock worth $3,239,000 after purchasing an additional 58,438 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 43.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 487,681 shares of the company’s stock worth $9,266,000 after purchasing an additional 148,284 shares during the period. Annex Advisory Services LLC grew its position in shares of First Trust Institutional Preferred Securities and Income ETF by 11.8% during the 2nd quarter. Annex Advisory Services LLC now owns 1,146,209 shares of the company’s stock worth $22,110,000 after buying an additional 120,692 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 19.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 235,810 shares of the company’s stock worth $4,572,000 after purchasing an additional 37,726 shares during the period. Finally, Park National Corp OH raised its stake in First Trust Institutional Preferred Securities and Income ETF by 17.1% in the third quarter. Park National Corp OH now owns 531,455 shares of the company’s stock worth $9,800,000 after buying an additional 77,591 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Down 0.4%

Shares of First Trust Institutional Preferred Securities and Income ETF stock traded down $0.07 on Wednesday, reaching $18.46. The stock had a trading volume of 755,141 shares, compared to its average volume of 422,568. The company has a 50 day moving average price of $18.92 and a 200 day moving average price of $19.10. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $18.30 and a 1 year high of $19.61.

First Trust Institutional Preferred Securities and Income ETF Company Profile

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.