Wedmont Private Capital Makes New $186,000 Investment in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Wedmont Private Capital bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,053 shares of the company’s stock, valued at approximately $186,000.

A number of other large investors have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the fourth quarter valued at approximately $45,000. Silver Oak Securities Incorporated acquired a new position in First Trust Institutional Preferred Securities and Income ETF during the 4th quarter valued at about $185,000. Csenge Advisory Group increased its position in First Trust Institutional Preferred Securities and Income ETF by 8.6% during the 1st quarter. Csenge Advisory Group now owns 10,938 shares of the company’s stock valued at $199,000 after buying an additional 866 shares in the last quarter. Accel Wealth Management purchased a new stake in First Trust Institutional Preferred Securities and Income ETF in the second quarter valued at about $222,000. Finally, ARS Wealth Advisors Group LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the fourth quarter worth about $253,000.

First Trust Institutional Preferred Securities and Income ETF Trading Up 0.3 %

NYSEARCA:FPEI opened at $18.56 on Wednesday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $16.44 and a 12 month high of $18.69. The firm has a fifty day simple moving average of $18.44 and a 200-day simple moving average of $18.23.

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.