Citizens Financial Group Inc. RI acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report) during the third quarter, HoldingsChannel.com reports. The fund acquired 953,450 shares of the company’s stock, valued at approximately $17,582,000.
A number of other hedge funds have also made changes to their positions in FPEI. Smith Chas P & Associates PA Cpas bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at approximately $44,684,000. Magnus Financial Group LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF during the third quarter worth approximately $909,000. Fifth Third Securities Inc. bought a new stake in First Trust Institutional Preferred Securities and Income ETF during the third quarter worth approximately $1,211,000. QP Wealth Management LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at approximately $952,000. Finally, Integrated Advisors Network LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at approximately $233,000.
First Trust Institutional Preferred Securities and Income ETF Price Performance
NYSEARCA:FPEI opened at $18.31 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $18.30 and a 12 month high of $19.61. The company’s 50 day moving average is $18.75 and its 200-day moving average is $19.06.
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.
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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).
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