GUNN & Co INVESTMENT MANAGEMENT INC. Grows Stock Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

GUNN & Co INVESTMENT MANAGEMENT INC. lifted its position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 1,551.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,029,706 shares of the company’s stock after purchasing an additional 1,906,834 shares during the period. First Trust Institutional Preferred Securities and Income ETF comprises 2.4% of GUNN & Co INVESTMENT MANAGEMENT INC.’s portfolio, making the stock its 23rd largest position. GUNN & Co INVESTMENT MANAGEMENT INC. owned 3.51% of First Trust Institutional Preferred Securities and Income ETF worth $36,190,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in FPEI. CWM LLC lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 70.2% in the fourth quarter. CWM LLC now owns 34,541 shares of the company’s stock worth $616,000 after acquiring an additional 14,247 shares in the last quarter. Western Wealth Management LLC grew its position in shares of First Trust Institutional Preferred Securities and Income ETF by 18.6% during the fourth quarter. Western Wealth Management LLC now owns 42,360 shares of the company’s stock worth $755,000 after buying an additional 6,631 shares in the last quarter. Integral Investment Advisors Inc. increased its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 7.2% in the fourth quarter. Integral Investment Advisors Inc. now owns 226,395 shares of the company’s stock worth $4,037,000 after buying an additional 15,228 shares during the last quarter. Key Financial Inc boosted its stake in First Trust Institutional Preferred Securities and Income ETF by 94.6% during the 4th quarter. Key Financial Inc now owns 832,976 shares of the company’s stock valued at $14,852,000 after acquiring an additional 404,949 shares during the last quarter. Finally, Koshinski Asset Management Inc. boosted its stake in First Trust Institutional Preferred Securities and Income ETF by 26.0% during the 4th quarter. Koshinski Asset Management Inc. now owns 23,687 shares of the company’s stock valued at $422,000 after acquiring an additional 4,895 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Price Performance

FPEI opened at $18.14 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $16.39 and a 1-year high of $18.28. The company has a 50-day moving average of $18.11 and a 200-day moving average of $17.71.

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.