Platform Technology Partners purchased a new stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 66,986 shares of the company’s stock, valued at approximately $1,235,000.
A number of other institutional investors have also modified their holdings of the business. Farther Finance Advisors LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF during the third quarter worth about $126,000. Valmark Advisers Inc. bought a new position in First Trust Institutional Preferred Securities and Income ETF in the first quarter worth about $192,000. Independent Financial Group LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF in the first quarter worth about $199,000. Accel Wealth Management acquired a new position in First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at approximately $209,000. Finally, Integrated Advisors Network LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at approximately $233,000.
First Trust Institutional Preferred Securities and Income ETF Stock Down 0.5%
NYSEARCA:FPEI opened at $18.52 on Friday. The stock has a 50 day moving average of $18.64 and a 200-day moving average of $19.10. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $18.29 and a 52 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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