Magnus Financial Group LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 49,282 shares of the company’s stock, valued at approximately $909,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Farther Finance Advisors LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter worth $126,000. Valmark Advisers Inc. acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the 1st quarter valued at $192,000. Independent Financial Group LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the 1st quarter valued at $199,000. Accel Wealth Management bought a new stake in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at $209,000. Finally, Integrated Advisors Network LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at $233,000.
First Trust Institutional Preferred Securities and Income ETF Stock Performance
Shares of FPEI stock opened at $18.37 on Friday. The firm has a fifty day simple moving average of $18.77 and a two-hundred day simple moving average of $19.06. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $18.30 and a 12 month high of $19.61.
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. FPEI was launched on Aug 22, 2017 and is managed by First Trust.
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