Fifth Third Securities Inc. acquired a new position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 65,698 shares of the company’s stock, valued at approximately $1,211,000.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Farther Finance Advisors LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at $126,000. Valmark Advisers Inc. purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 1st quarter valued at $192,000. Independent Financial Group LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 1st quarter valued at $199,000. Accel Wealth Management purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at $209,000. Finally, Integrated Advisors Network LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at $233,000.
First Trust Institutional Preferred Securities and Income ETF Price Performance
Shares of NYSEARCA:FPEI opened at $18.37 on Friday. The company’s 50-day moving average is $18.77 and its 200 day moving average is $19.06. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $18.30 and a fifty-two week high of $19.61.
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.
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