Baer Investment Advisory LLC Makes New $3.53 Million Investment in First Trust Institutional Preferred Securities and Income ETF $FPEI

Baer Investment Advisory LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 185,938 shares of the company’s stock, valued at approximately $3,533,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 1.1% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 53,221 shares of the company’s stock valued at $1,029,000 after acquiring an additional 557 shares during the last quarter. 1776 Wealth LLC grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 0.5% during the fourth quarter. 1776 Wealth LLC now owns 125,160 shares of the company’s stock worth $2,427,000 after purchasing an additional 588 shares during the period. FWL Investment Management LLC increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 0.9% in the third quarter. FWL Investment Management LLC now owns 73,170 shares of the company’s stock valued at $1,415,000 after purchasing an additional 665 shares during the last quarter. Silver Oak Securities Incorporated lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 1.3% in the fourth quarter. Silver Oak Securities Incorporated now owns 53,901 shares of the company’s stock valued at $1,045,000 after buying an additional 676 shares during the period. Finally, Capital Advisors Wealth Management LLC boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 4.9% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 16,090 shares of the company’s stock worth $312,000 after buying an additional 752 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

NYSEARCA:FPEI opened at $19.30 on Friday. The business’s 50-day simple moving average is $19.24 and its 200-day simple moving average is $19.31. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $18.71 and a fifty-two week high of $19.61.

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