Bank of America Corp DE Has $84 Million Stock Holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Bank of America Corp DE cut its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 9.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,491,690 shares of the company’s stock after selling 454,571 shares during the quarter. Bank of America Corp DE owned approximately 6.46% of First Trust Institutional Preferred Securities and Income ETF worth $83,995,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of FPEI. Comerica Bank increased its position in First Trust Institutional Preferred Securities and Income ETF by 2.7% during the fourth quarter. Comerica Bank now owns 75,817 shares of the company’s stock worth $1,418,000 after buying an additional 1,987 shares during the last quarter. Stifel Financial Corp increased its position in First Trust Institutional Preferred Securities and Income ETF by 5.0% during the fourth quarter. Stifel Financial Corp now owns 333,602 shares of the company’s stock worth $6,238,000 after buying an additional 15,738 shares during the last quarter. First Trust Advisors LP increased its position in First Trust Institutional Preferred Securities and Income ETF by 232.8% during the fourth quarter. First Trust Advisors LP now owns 245,575 shares of the company’s stock worth $4,592,000 after buying an additional 171,784 shares during the last quarter. Balanced Rock Investment Advisors LLC increased its position in First Trust Institutional Preferred Securities and Income ETF by 35.6% during the fourth quarter. Balanced Rock Investment Advisors LLC now owns 18,275 shares of the company’s stock worth $342,000 after buying an additional 4,801 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in First Trust Institutional Preferred Securities and Income ETF by 8.1% during the fourth quarter. NewEdge Advisors LLC now owns 2,040,509 shares of the company’s stock worth $38,158,000 after buying an additional 152,967 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

FPEI stock opened at $18.60 on Monday. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.81 and a 52-week high of $19.11. The company has a 50-day moving average of $18.49 and a two-hundred day moving average of $18.67.

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.