Flynn Zito Capital Management LLC Purchases 58,438 Shares of First Trust Institutional Preferred Securities and Income ETF $FPEI

Flynn Zito Capital Management LLC boosted its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 52.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 170,481 shares of the company’s stock after buying an additional 58,438 shares during the period. First Trust Institutional Preferred Securities and Income ETF accounts for approximately 1.0% of Flynn Zito Capital Management LLC’s holdings, making the stock its 25th biggest position. Flynn Zito Capital Management LLC owned about 0.17% of First Trust Institutional Preferred Securities and Income ETF worth $3,239,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of FPEI. EverSource Wealth Advisors LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the fourth quarter valued at about $29,000. Arax Advisory Partners purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth about $36,000. Colonial Trust Co SC raised its stake in First Trust Institutional Preferred Securities and Income ETF by 137.5% during the 4th quarter. Colonial Trust Co SC now owns 1,900 shares of the company’s stock valued at $37,000 after purchasing an additional 1,100 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF during the 4th quarter valued at approximately $84,000. Finally, Capital Investment Advisory Services LLC lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 1,876.4% in the 4th quarter. Capital Investment Advisory Services LLC now owns 4,447 shares of the company’s stock worth $86,000 after purchasing an additional 4,222 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Price Performance

NYSEARCA FPEI opened at $19.25 on Wednesday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $18.71 and a 12 month high of $19.61. The stock’s 50 day moving average is $19.25 and its 200 day moving average is $19.31.

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.