Walker Asset Management LLC Makes New Investment in First Trust Institutional Preferred Securities and Income ETF $FPEI

Walker Asset Management LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 75,716 shares of the company’s stock, valued at approximately $1,396,000.

Other large investors also recently made changes to their positions in the company. Kestra Private Wealth Services LLC raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 1.3% in the first quarter. Kestra Private Wealth Services LLC now owns 54,363 shares of the company’s stock valued at $1,033,000 after buying an additional 722 shares during the last quarter. Platform Technology Partners lifted its position in First Trust Institutional Preferred Securities and Income ETF by 3.0% during the 1st quarter. Platform Technology Partners now owns 66,481 shares of the company’s stock worth $1,263,000 after buying an additional 1,956 shares in the last quarter. Sigma Planning Corp lifted its position in First Trust Institutional Preferred Securities and Income ETF by 3.8% during the 1st quarter. Sigma Planning Corp now owns 67,531 shares of the company’s stock worth $1,283,000 after buying an additional 2,441 shares in the last quarter. Essex LLC grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 0.6% during the 1st quarter. Essex LLC now owns 645,831 shares of the company’s stock worth $12,271,000 after acquiring an additional 3,573 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 18.3% during the 1st quarter. LFA Lugano Financial Advisors SA now owns 28,400 shares of the company’s stock worth $537,000 after acquiring an additional 4,400 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA:FPEI opened at $18.57 on Wednesday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $18.30 and a 12 month high of $19.61. The company’s 50-day moving average price is $18.86 and its two-hundred day moving average price is $19.08.

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