Snowden Capital Advisors LLC Purchases 9,965 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Snowden Capital Advisors LLC boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 29.2% in the fourth quarter, HoldingsChannel reports. The fund owned 44,057 shares of the company’s stock after purchasing an additional 9,965 shares during the quarter. Snowden Capital Advisors LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $824,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 1.7% during the fourth quarter. Royal Bank of Canada now owns 2,979,652 shares of the company’s stock worth $55,720,000 after purchasing an additional 48,838 shares in the last quarter. Focus Partners Wealth increased its position in First Trust Institutional Preferred Securities and Income ETF by 217.5% during the 4th quarter. Focus Partners Wealth now owns 93,700 shares of the company’s stock valued at $1,752,000 after buying an additional 64,184 shares in the last quarter. FWL Investment Management LLC increased its position in First Trust Institutional Preferred Securities and Income ETF by 4.6% during the 4th quarter. FWL Investment Management LLC now owns 74,829 shares of the company’s stock valued at $1,399,000 after buying an additional 3,288 shares in the last quarter. Citizens Business Bank raised its stake in First Trust Institutional Preferred Securities and Income ETF by 4.2% in the fourth quarter. Citizens Business Bank now owns 997,541 shares of the company’s stock valued at $18,654,000 after buying an additional 40,655 shares during the last quarter. Finally, Clark Capital Management Group Inc. boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 0.6% in the fourth quarter. Clark Capital Management Group Inc. now owns 332,020 shares of the company’s stock worth $6,209,000 after acquiring an additional 1,927 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

FPEI opened at $18.75 on Tuesday. The firm’s 50-day moving average price is $18.48 and its 200-day moving average price is $18.67. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.81 and a 52-week high of $19.11.

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.