Pinnacle Financial Group LLC IL bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 52,886 shares of the company’s stock, valued at approximately $975,000.
Several other institutional investors and hedge funds also recently made changes to their positions in FPEI. Farther Finance Advisors LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at $126,000. Valmark Advisers Inc. bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 1st quarter worth $192,000. Independent Financial Group LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 1st quarter worth $199,000. Accel Wealth Management bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter worth $209,000. Finally, Integrated Advisors Network LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter worth $233,000.
First Trust Institutional Preferred Securities and Income ETF Price Performance
Shares of First Trust Institutional Preferred Securities and Income ETF stock opened at $18.48 on Monday. The business has a fifty day simple moving average of $18.68 and a 200 day simple moving average of $19.12. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $18.29 and a 12 month high of $19.61.
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.
Read More
- Five stocks we like better than First Trust Institutional Preferred Securities and Income ETF
- SK hynix Says Memory Demand Beats Supply Through 2030—What It Means for Micron and SanDisk
- STMicroelectronics Could Reach New Highs—Here’s What Needs to Happen
- Marvell Eyes a Swing for the AI Networking Fences as Markets Weigh Lumentum Price Tag
- Exxon’s Refining Profits Soared—Did Chevron Get the Same Windfall?
Want to see what other hedge funds are holding FPEI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report).
Receive News & Ratings for First Trust Institutional Preferred Securities and Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Institutional Preferred Securities and Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
