J.W. Cole Advisors Inc. Increases Stake in First Trust Institutional Preferred Securities and Income ETF

J.W. Cole Advisors Inc. has increased its investment in the First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 31.0% during the third quarter of the fiscal year. According to the latest report filed with the Securities & Exchange Commission, the institutional investor now holds 103,805 shares, having bought an additional 24,555 shares within that timeframe. As of this most recent filing, J.W. Cole Advisors Inc. owns approximately 0.15% of the ETF, which is valued at around $1,980,000.

In addition to J.W. Cole Advisors Inc., other institutional investors and hedge funds have also made adjustments to their holdings in FPEI. For instance, PNC Financial Services Group Inc. initiated a new position in the ETF valued at $45,000 in the fourth quarter. Likewise, Ashton Thomas Private Wealth LLC enhanced its stake by 8.7% during the first quarter, now owning 46,391 shares valued at $845,000 after acquiring an additional 3,707 shares last quarter. Private Advisor Group LLC also upped its investment by 13.8% in the first quarter, bringing its total holdings to 137,189 shares worth $2,500,000 after purchasing 16,624 shares. TKG Advisors LLC entered a new stake valued at $4,176,000 in the first quarter, and Janney Montgomery Scott LLC increased its ownership by 7.2% during the same period, now holding 592,930 shares valued at $10,803,000 after buying 39,986 shares last quarter.

Current Stock Performance

As of the latest market session, FPEI stock traded at $18.82. It has experienced a one-year low of $16.46 and a one-year high of $19.11. Currently, the ETF has a fifty-day simple moving average of $18.90, coupled with a 200-day simple moving average of $18.53.

About First Trust Institutional Preferred Securities and Income ETF

The First Trust Institutional Preferred Securities and Income ETF (FPEI) primarily invests in broad credit fixed income. This actively managed fund aims to generate current income and total returns by focusing on global institutional preferred and income-producing debt securities.

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Interested in seeing what other hedge funds are doing with FPEI? Check recent 13F filings and insider trades related to the First Trust Institutional Preferred Securities and Income ETF.

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