Elevation Wealth Partners LLC Boosts Holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Elevation Wealth Partners LLC increased its position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 14.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 191,162 shares of the company’s stock after buying an additional 24,591 shares during the quarter. First Trust Institutional Preferred Securities and Income ETF comprises approximately 1.5% of Elevation Wealth Partners LLC’s portfolio, making the stock its 15th largest position. Elevation Wealth Partners LLC owned about 0.28% of First Trust Institutional Preferred Securities and Income ETF worth $3,567,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in FPEI. Jane Street Group LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at about $1,468,000. Park Avenue Securities LLC boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 31.5% during the 4th quarter. Park Avenue Securities LLC now owns 86,415 shares of the company’s stock worth $1,616,000 after purchasing an additional 20,723 shares during the period. Janney Montgomery Scott LLC increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 20.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 117,606 shares of the company’s stock valued at $2,199,000 after purchasing an additional 19,696 shares during the last quarter. MML Investors Services LLC raised its position in First Trust Institutional Preferred Securities and Income ETF by 21.8% in the third quarter. MML Investors Services LLC now owns 16,341 shares of the company’s stock valued at $312,000 after purchasing an additional 2,925 shares during the period. Finally, US Bancorp DE lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 52.3% during the third quarter. US Bancorp DE now owns 32,171 shares of the company’s stock worth $614,000 after purchasing an additional 11,053 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA FPEI opened at $18.80 on Monday. First Trust Institutional Preferred Securities and Income ETF has a twelve month low of $17.89 and a twelve month high of $19.11. The stock has a fifty day simple moving average of $18.73 and a 200-day simple moving average of $18.78.

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.