120,897 Shares in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Purchased by Avidian Wealth Solutions LLC

Avidian Wealth Solutions LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 120,897 shares of the company’s stock, valued at approximately $2,156,000. Avidian Wealth Solutions LLC owned approximately 0.21% of First Trust Institutional Preferred Securities and Income ETF as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. NBC Securities Inc. purchased a new stake in First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at about $176,000. Silver Oak Securities Incorporated bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the 4th quarter worth approximately $185,000. Envestnet Portfolio Solutions Inc. bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter worth approximately $198,000. ARS Wealth Advisors Group LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF in the fourth quarter worth approximately $253,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth approximately $314,000.

First Trust Institutional Preferred Securities and Income ETF Trading Up 0.4 %

Shares of FPEI traded up $0.07 during mid-day trading on Friday, reaching $18.14. The company’s stock had a trading volume of 141,467 shares, compared to its average volume of 324,153. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $16.39 and a 52 week high of $18.28. The company’s fifty day moving average price is $18.11 and its two-hundred day moving average price is $17.71.

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.