Flynn Zito Capital Management LLC Increases Holdings in First Trust Institutional Preferred Securities and Income ETF $FPEI

Flynn Zito Capital Management LLC lifted its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 52.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 170,481 shares of the company’s stock after acquiring 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 holding. Flynn Zito Capital Management LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $3,239,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth approximately $29,000. Arax Advisory Partners bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at approximately $36,000. Colonial Trust Co SC lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 137.5% in 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 last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter worth approximately $84,000. Finally, Capital Investment Advisory Services LLC boosted its holdings in shares of 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 during the period.

First Trust Institutional Preferred Securities and Income ETF Price Performance

NYSEARCA FPEI opened at $19.25 on Wednesday. The business’s 50 day moving average price is $19.25 and its 200-day moving average price 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.

First Trust Institutional Preferred Securities and Income ETF Company 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.