Rockefeller Capital Management L.P. Has $4.57 Million Position in First Trust Institutional Preferred Securities and Income ETF $FPEI

Rockefeller Capital Management L.P. grew its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 19.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 235,810 shares of the company’s stock after acquiring an additional 37,726 shares during the period. Rockefeller Capital Management L.P.’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $4,572,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth about $29,000. Arax Advisory Partners bought a new position in First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at about $36,000. Colonial Trust Co SC lifted its position in First Trust Institutional Preferred Securities and Income ETF by 137.5% during the fourth quarter. Colonial Trust Co SC now owns 1,900 shares of the company’s stock worth $37,000 after acquiring an additional 1,100 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth approximately $84,000. Finally, Capital Investment Advisory Services LLC boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 1,876.4% during the fourth quarter. Capital Investment Advisory Services LLC now owns 4,447 shares of the company’s stock worth $86,000 after acquiring an additional 4,222 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Stock Down 0.1%

First Trust Institutional Preferred Securities and Income ETF stock opened at $19.24 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $18.71 and a 12 month high of $19.61. The stock’s 50 day moving average is $19.24 and its 200-day moving average is $19.31.

First Trust Institutional Preferred Securities and Income ETF 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.