Shelton Wealth Management LLC Has $3.10 Million Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Shelton Wealth Management LLC lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 5.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 165,722 shares of the company’s stock after buying an additional 8,503 shares during the quarter. First Trust Institutional Preferred Securities and Income ETF comprises about 1.7% of Shelton Wealth Management LLC’s portfolio, making the stock its 13th largest holding. Shelton Wealth Management LLC owned approximately 0.19% of First Trust Institutional Preferred Securities and Income ETF worth $3,099,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 55.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,095 shares of the company’s stock worth $320,000 after buying an additional 6,117 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth about $266,000. Raymond James Financial Inc. acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth about $36,807,000. Global Retirement Partners LLC lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 151.5% during the 4th quarter. Global Retirement Partners LLC now owns 3,036 shares of the company’s stock worth $57,000 after buying an additional 1,829 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 37.3% during the 4th quarter. Avantax Advisory Services Inc. now owns 25,529 shares of the company’s stock worth $477,000 after buying an additional 6,929 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Up 0.1%

NYSEARCA:FPEI opened at $18.92 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $17.81 and a 52 week high of $19.11. The firm’s 50-day simple moving average is $18.58 and its 200 day simple moving average is $18.66.

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.