Mirae Asset Global Investments Co. Ltd. Purchases 35,000 Shares of First Trust Institutional Preferred Securities and Income ETF $FPEI

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 35,000 shares of the company’s stock, valued at approximately $645,000.

Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 29.3% in the 1st quarter. Bank of America Corp DE now owns 6,017,351 shares of the company’s stock worth $114,330,000 after purchasing an additional 1,364,824 shares in the last quarter. Royal Bank of Canada lifted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 7.0% in the 1st quarter. Royal Bank of Canada now owns 5,375,215 shares of the company’s stock worth $102,128,000 after purchasing an additional 351,265 shares during the period. Smith Chas P & Associates PA Cpas bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at about $44,684,000. Annex Advisory Services LLC boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 6.2% during the 3rd quarter. Annex Advisory Services LLC now owns 1,217,165 shares of the company’s stock valued at $22,445,000 after purchasing an additional 70,956 shares in the last quarter. Finally, Citizens Financial Group Inc. RI boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 2.8% during the 1st quarter. Citizens Financial Group Inc. RI now owns 996,035 shares of the company’s stock valued at $18,925,000 after purchasing an additional 27,511 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA FPEI opened at $18.58 on Monday. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $18.29 and a 1 year high of $19.61. The company’s 50-day moving average is $18.63 and its 200 day moving average is $19.10.

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.