57,290 Shares of First Trust Institutional Preferred Securities and Income ETF $FPEI Purchased by United Capital Management of KS Inc.

United Capital Management of KS Inc. purchased a new stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 57,290 shares of the company’s stock, valued at approximately $1,056,000. United Capital Management of KS Inc. owned approximately 0.06% of First Trust Institutional Preferred Securities and Income ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Bank of America Corp DE raised its position 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 valued at $114,330,000 after buying an additional 1,364,824 shares during the last quarter. Royal Bank of Canada boosted its position in First Trust Institutional Preferred Securities and Income ETF by 7.0% during the 1st quarter. Royal Bank of Canada now owns 5,375,215 shares of the company’s stock worth $102,128,000 after acquiring an additional 351,265 shares during the last quarter. Smith Chas P & Associates PA Cpas acquired a new position in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth approximately $44,684,000. Montis Financial LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth approximately $35,704,000. Finally, Annex Advisory Services LLC grew 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 worth $22,445,000 after acquiring an additional 70,956 shares in the last quarter.

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 twelve month low of $18.29 and a twelve month high of $19.61. The company has a 50 day moving average of $18.62 and a 200-day moving average of $19.09.

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.