Jacobi Capital Management LLC Has $334,000 Stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Jacobi Capital Management LLC lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Get Rating) by 12.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,203 shares of the company’s stock after purchasing an additional 1,915 shares during the period. Jacobi Capital Management LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $334,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Princeton Global Asset Management LLC raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 18.6% during the first quarter. Princeton Global Asset Management LLC now owns 111,672 shares of the company’s stock worth $2,166,000 after buying an additional 17,517 shares during the last quarter. Ameritas Advisory Services LLC raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 12.0% during the first quarter. Ameritas Advisory Services LLC now owns 27,292 shares of the company’s stock worth $529,000 after buying an additional 2,925 shares during the last quarter. Darwin Advisors LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the first quarter worth approximately $207,000. Commonwealth Equity Services LLC raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 17.9% during the first quarter. Commonwealth Equity Services LLC now owns 20,477 shares of the company’s stock worth $397,000 after buying an additional 3,111 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the first quarter worth approximately $41,000.

First Trust Institutional Preferred Securities and Income ETF Price Performance

FPEI opened at $18.45 on Friday. The firm has a 50 day simple moving average of $18.09 and a 200 day simple moving average of $18.88. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $17.61 and a fifty-two week high of $21.72.