Compass Financial Management LLC Invests $993,000 in First Trust Institutional Preferred Securities and Income ETF $FPEI

Compass Financial Management LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 51,485 shares of the company’s stock, valued at approximately $993,000.

Other hedge funds also recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the first quarter worth $1,520,000. First Trust Advisors LP increased its stake in First Trust Institutional Preferred Securities and Income ETF by 7.9% in the second quarter. First Trust Advisors LP now owns 262,064 shares of the company’s stock valued at $4,977,000 after purchasing an additional 19,155 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 12.4% during the second quarter. Raymond James Financial Inc. now owns 2,006,953 shares of the company’s stock valued at $38,112,000 after purchasing an additional 222,032 shares during the period. Vista Investment Management raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 3.6% during the second quarter. Vista Investment Management now owns 265,973 shares of the company’s stock valued at $5,051,000 after purchasing an additional 9,203 shares during the period. Finally, MML Investors Services LLC raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 7.4% during the second quarter. MML Investors Services LLC now owns 38,636 shares of the company’s stock valued at $734,000 after purchasing an additional 2,676 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Price Performance

FPEI stock opened at $19.04 on Monday. The company’s 50-day moving average is $19.21 and its 200-day moving average is $19.25. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $18.71 and a 1 year high of $19.61.

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.