McAdam LLC Acquires 27,230 Shares of First Trust Institutional Preferred Securities and Income ETF $FPEI

McAdam LLC boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 39.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 96,962 shares of the company’s stock after acquiring an additional 27,230 shares during the period. McAdam LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $1,813,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC raised its stake in First Trust Institutional Preferred Securities and Income ETF by 9.1% during the 1st quarter. LPL Financial LLC now owns 3,837,937 shares of the company’s stock worth $71,769,000 after acquiring an additional 319,485 shares during the period. Royal Bank of Canada raised its stake in First Trust Institutional Preferred Securities and Income ETF by 11.9% during the 1st quarter. Royal Bank of Canada now owns 3,334,754 shares of the company’s stock worth $62,360,000 after acquiring an additional 355,102 shares during the period. Envestnet Asset Management Inc. raised its stake in First Trust Institutional Preferred Securities and Income ETF by 18.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 2,463,341 shares of the company’s stock worth $46,064,000 after acquiring an additional 375,497 shares during the period. Merit Financial Group LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF during the 1st quarter worth approximately $26,997,000. Finally, Adamsbrown Wealth Consultants LLC raised its stake 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 acquiring an additional 62,133 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Trading Up 0.1%

First Trust Institutional Preferred Securities and Income ETF stock opened at $19.26 on Wednesday. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $17.81 and a 1 year high of $19.32. The firm’s 50 day moving average price is $19.08 and its 200-day moving average price is $18.79.

First Trust Institutional Preferred Securities and Income ETF 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.