Compass Financial Management LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 51,485 shares of the company’s stock, valued at approximately $949,000.
Several other large investors have also modified their holdings of FPEI. Farther Finance Advisors LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter worth $126,000. Valmark Advisers Inc. purchased a new position in First Trust Institutional Preferred Securities and Income ETF in the 1st quarter valued at $192,000. Independent Financial Group LLC purchased a new position in First Trust Institutional Preferred Securities and Income ETF in the 1st quarter valued at $199,000. Accel Wealth Management purchased a new position in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at $209,000. Finally, Integrated Advisors Network LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at $233,000.
First Trust Institutional Preferred Securities and Income ETF Price Performance
Shares of FPEI opened at $18.52 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $18.29 and a 1 year high of $19.61. The company’s fifty day moving average is $18.64 and its two-hundred day moving average is $19.10.
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.
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