Greenwood Capital Associates LLC Makes New Investment in First Trust Institutional Preferred Securities and Income ETF $FPEI

Greenwood Capital Associates LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,626 shares of the company’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FPEI. Citadel Advisors LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth approximately $266,000. Wealth Enhancement Advisory Services LLC increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 55.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,095 shares of the company’s stock worth $320,000 after purchasing an additional 6,117 shares in the last quarter. Adamsbrown Wealth Consultants LLC increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 8.2% during the 1st quarter. Adamsbrown Wealth Consultants LLC now owns 824,341 shares of the company’s stock worth $15,415,000 after purchasing an additional 62,133 shares in the last quarter. Magnus Financial Group LLC increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 1.8% during the 1st quarter. Magnus Financial Group LLC now owns 53,180 shares of the company’s stock worth $994,000 after purchasing an additional 917 shares in the last quarter. Finally, Park Avenue Securities LLC increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 34.3% during the 1st quarter. Park Avenue Securities LLC now owns 116,024 shares of the company’s stock worth $2,170,000 after purchasing an additional 29,609 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA FPEI opened at $19.38 on Friday. First Trust Institutional Preferred Securities and Income ETF has a twelve month low of $17.81 and a twelve month high of $19.48. The stock’s 50 day moving average price is $19.22 and its 200-day moving average price is $18.86.

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.