122,242 Shares in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Purchased by Winebrenner Capital Management LLC

Winebrenner Capital Management LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 122,242 shares of the company’s stock, valued at approximately $2,286,000. First Trust Institutional Preferred Securities and Income ETF makes up about 1.8% of Winebrenner Capital Management LLC’s portfolio, making the stock its 11th largest holding. Winebrenner Capital Management LLC owned approximately 0.18% of First Trust Institutional Preferred Securities and Income ETF at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of FPEI. Global Retirement Partners LLC increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 151.5% in the fourth quarter. Global Retirement Partners LLC now owns 3,036 shares of the company’s stock worth $57,000 after purchasing an additional 1,829 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter worth $209,000. Fiduciary Trust Co bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter worth $263,000. Hobbs Group Advisors LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at $289,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth $299,000.

First Trust Institutional Preferred Securities and Income ETF Trading Down 0.3 %

Shares of NYSEARCA:FPEI opened at $18.79 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.90 and a 52-week high of $19.11. The firm has a fifty day moving average of $18.72 and a 200 day moving average of $18.80.

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.