Merit Financial Group LLC Buys 112,753 Shares of First Trust Institutional Preferred Securities and Income ETF $FPEI

Merit Financial Group LLC raised its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 7.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,556,456 shares of the company’s stock after acquiring an additional 112,753 shares during the period. Merit Financial Group LLC owned about 1.82% of First Trust Institutional Preferred Securities and Income ETF worth $29,557,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FPEI. Wealth Enhancement Advisory Services LLC grew its position in First Trust Institutional Preferred Securities and Income ETF by 55.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,095 shares of the company’s stock valued at $320,000 after acquiring an additional 6,117 shares during the period. Magnus Financial Group LLC grew its position in First Trust Institutional Preferred Securities and Income ETF by 1.8% in the first quarter. Magnus Financial Group LLC now owns 53,180 shares of the company’s stock valued at $994,000 after acquiring an additional 917 shares during the period. Park Avenue Securities LLC grew its position in First Trust Institutional Preferred Securities and Income ETF by 34.3% in the first quarter. Park Avenue Securities LLC now owns 116,024 shares of the company’s stock valued at $2,170,000 after acquiring an additional 29,609 shares during the period. Farther Finance Advisors LLC grew its position in First Trust Institutional Preferred Securities and Income ETF by 126.9% in the first quarter. Farther Finance Advisors LLC now owns 3,410 shares of the company’s stock valued at $64,000 after acquiring an additional 1,907 shares during the period. Finally, Integral Investment Advisors Inc. grew its position in First Trust Institutional Preferred Securities and Income ETF by 0.8% in the first quarter. Integral Investment Advisors Inc. now owns 425,614 shares of the company’s stock valued at $7,959,000 after acquiring an additional 3,424 shares during the period.

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

Shares of NYSEARCA:FPEI opened at $19.38 on Friday. The business’s fifty day moving average price is $19.22 and its two-hundred day moving average price is $18.86. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $17.81 and a fifty-two week high of $19.48.

First Trust Institutional Preferred Securities and Income ETF Company 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.