J.W. Cole Advisors Inc. Increases Stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

J.W. Cole Advisors Inc. has significantly increased its investment in the First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 31.0% in the third quarter of the financial year. According to the latest filing with the Securities & Exchange Commission, the institutional investor owns 103,805 shares after purchasing an additional 24,555 shares during this period. As of this recent filing, J.W. Cole Advisors Inc. holds approximately 0.15% of the First Trust Institutional Preferred Securities and Income ETF, which is valued at $1,980,000.

Other institutional investors and hedge funds have also been adjusting their stakes in FPEI. PNC Financial Services Group Inc. initiated a new position in the ETF during the fourth quarter, investing $45,000. Ashton Thomas Private Wealth LLC increased its stake by 8.7% in the first quarter and now owns 46,391 shares valued at $845,000 after acquiring an additional 3,707 shares. Furthermore, Private Advisor Group LLC raised its stake by 13.8% in the same quarter, bringing its total to 137,189 shares valued at $2,500,000 after purchasing 16,624 additional shares. TKG Advisors LLC also bought new shares valued at $4,176,000, while Janney Montgomery Scott LLC increased its position by 7.2%, now holding 592,930 shares worth $10,803,000 after buying 39,986 shares.

Current Stock Performance of FPEI

As for the stock's performance, FPEI shares opened at $18.82 on Tuesday, with a 1-year low of $16.46 and a high of $19.11. The current fifty-day simple moving average stands at $18.90, while the 200-day average is at $18.53.

Overview of First Trust Institutional Preferred Securities and Income ETF

The First Trust Institutional Preferred Securities and Income ETF (FPEI) is an exchange-traded fund primarily focused on broad credit fixed income investments. This actively managed fund is designed to provide both current income and a total return through investments in global institutional preferred and income-generating debt securities.

Further Information and Recommendations

For investors looking to explore more about the First Trust Institutional Preferred Securities and Income ETF, it is beneficial to check updates on hedge funds holding FPEI by visiting financial insights platforms. Additionally, keeping abreast of news and rating updates on the ETF and associated companies can aid in making informed investment decisions.

investment, ETF, finance