Magnus Financial Group LLC Buys 8,138 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Magnus Financial Group LLC grew its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 18.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,263 shares of the company’s stock after acquiring an additional 8,138 shares during the quarter. Magnus Financial Group LLC owned 0.08% of First Trust Institutional Preferred Securities and Income ETF worth $977,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Jane Street Group LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at approximately $1,468,000. Park Avenue Securities LLC lifted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 31.5% during the fourth quarter. Park Avenue Securities LLC now owns 86,415 shares of the company’s stock valued at $1,616,000 after purchasing an additional 20,723 shares in the last quarter. MML Investors Services LLC boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 21.8% during the third quarter. MML Investors Services LLC now owns 16,341 shares of the company’s stock valued at $312,000 after buying an additional 2,925 shares during the last quarter. US Bancorp DE increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 52.3% in the 3rd quarter. US Bancorp DE now owns 32,171 shares of the company’s stock worth $614,000 after buying an additional 11,053 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in First Trust Institutional Preferred Securities and Income ETF in the 2nd quarter worth about $514,000.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

FPEI opened at $18.64 on Thursday. The company’s 50-day simple moving average is $18.75 and its two-hundred day simple moving average is $18.76. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.81 and a 52-week high of $19.11.

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.