Citizens Financial Group Inc. RI Has $18.93 Million Position in First Trust Institutional Preferred Securities and Income ETF $FPEI

Citizens Financial Group Inc. RI grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 2.8% during the 1st quarter, HoldingsChannel reports. The fund owned 996,035 shares of the company’s stock after acquiring an additional 27,511 shares during the period. Citizens Financial Group Inc. RI’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $18,925,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Fifth Third Bancorp purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the first quarter worth $1,713,000. Sovran Advisors LLC grew its stake in First Trust Institutional Preferred Securities and Income ETF by 45.3% in the first quarter. Sovran Advisors LLC now owns 53,831 shares of the company’s stock valued at $1,032,000 after purchasing an additional 16,781 shares in the last quarter. Elevated Capital Advisors LLC increased its position in First Trust Institutional Preferred Securities and Income ETF by 3.8% in the 1st quarter. Elevated Capital Advisors LLC now owns 367,491 shares of the company’s stock worth $6,982,000 after purchasing an additional 13,577 shares during the last quarter. Greenwood Capital Associates LLC increased its position in First Trust Institutional Preferred Securities and Income ETF by 22.8% in the 1st quarter. Greenwood Capital Associates LLC now owns 29,582 shares of the company’s stock worth $562,000 after purchasing an additional 5,500 shares during the last quarter. Finally, Integral Investment Advisors Inc. raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 2.0% during the 1st quarter. Integral Investment Advisors Inc. now owns 614,923 shares of the company’s stock worth $11,684,000 after purchasing an additional 12,226 shares in the last quarter.

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

Shares of First Trust Institutional Preferred Securities and Income ETF stock traded up $0.01 during trading on Friday, hitting $19.28. 184,745 shares of the stock traded hands, compared to its average volume of 401,783. First Trust Institutional Preferred Securities and Income ETF has a twelve month low of $18.71 and a twelve month high of $19.61. The company has a fifty day moving average price of $19.25 and a two-hundred day moving average price of $19.31.

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.