Montis Financial LLC Acquires New Shares in First Trust Institutional Preferred Securities and Income ETF $FPEI

Montis Financial LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,936,243 shares of the company’s stock, valued at approximately $35,704,000. First Trust Institutional Preferred Securities and Income ETF accounts for about 7.4% of Montis Financial LLC’s investment portfolio, making the stock its 2nd largest holding. Montis Financial LLC owned about 1.92% of First Trust Institutional Preferred Securities and Income ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. American Institute for Advanced Investment Management LLP purchased a new stake in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at $659,000. Merkkuri Wealth Advisors LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter worth $1,298,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter worth $1,559,000. International Assets Investment Management LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter worth $188,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter worth $654,000.

First Trust Institutional Preferred Securities and Income ETF Stock Up 0.5%

Shares of FPEI opened at $18.67 on Tuesday. First Trust Institutional Preferred Securities and Income ETF has a one year low of $18.29 and a one year high of $19.61. The business has a fifty day moving average of $18.62 and a 200 day moving average of $19.09.

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. FPEI was launched on Aug 22, 2017 and is managed by First Trust.