First Trust Institutional Preferred Securities and Income ETF $FPEI Stake Boosted by Royal Bank of Canada

Royal Bank of Canada lifted its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 7.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,375,215 shares of the company’s stock after acquiring an additional 351,265 shares during the quarter. Royal Bank of Canada owned approximately 5.44% of First Trust Institutional Preferred Securities and Income ETF worth $102,128,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its position in First Trust Institutional Preferred Securities and Income ETF by 4,539.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,203,161 shares of the company’s stock worth $81,499,000 after purchasing an additional 4,112,566 shares during the last quarter. Morgan Stanley lifted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 11.9% during the 4th quarter. Morgan Stanley now owns 18,537,923 shares of the company’s stock valued at $359,450,000 after buying an additional 1,976,898 shares during the last quarter. Legacy Edge Advisors LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at approximately $21,779,000. Smith Chas P & Associates PA Cpas grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 71.2% in the 4th quarter. Smith Chas P & Associates PA Cpas now owns 2,380,461 shares of the company’s stock valued at $46,157,000 after buying an additional 989,787 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 12.4% in the second quarter. Raymond James Financial Inc. now owns 2,006,953 shares of the company’s stock worth $38,112,000 after buying an additional 222,032 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Price Performance

Shares of FPEI opened at $19.08 on Friday. The firm’s 50 day moving average price is $19.23 and its 200 day moving average price is $19.28. First Trust Institutional Preferred Securities and Income ETF has a twelve month low of $18.71 and a twelve month 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.