66,986 Shares of First Trust Institutional Preferred Securities and Income ETF $FPEI Acquired by Platform Technology Partners

Platform Technology Partners purchased a new position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 66,986 shares of the company’s stock, valued at approximately $1,235,000. Platform Technology Partners owned approximately 0.07% of First Trust Institutional Preferred Securities and Income ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FPEI. Bank of America Corp DE raised its stake in First Trust Institutional Preferred Securities and Income ETF by 29.3% during the first quarter. Bank of America Corp DE now owns 6,017,351 shares of the company’s stock valued at $114,330,000 after buying an additional 1,364,824 shares in the last quarter. Royal Bank of Canada lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 7.0% during the 1st quarter. Royal Bank of Canada now owns 5,375,215 shares of the company’s stock worth $102,128,000 after buying an additional 351,265 shares during the last quarter. Smith Chas P & Associates PA Cpas acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter worth approximately $44,684,000. Annex Advisory Services LLC grew its position in shares of First Trust Institutional Preferred Securities and Income ETF by 6.2% in the 3rd quarter. Annex Advisory Services LLC now owns 1,217,165 shares of the company’s stock worth $22,445,000 after acquiring an additional 70,956 shares in the last quarter. Finally, Citizens Financial Group Inc. RI grew its position in shares of First Trust Institutional Preferred Securities and Income ETF by 2.8% in the 1st quarter. Citizens Financial Group Inc. RI now owns 996,035 shares of the company’s stock worth $18,925,000 after acquiring an additional 27,511 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Trading Down 0.5%

Shares of NYSEARCA FPEI opened at $18.52 on Friday. First Trust Institutional Preferred Securities and Income ETF has a twelve month low of $18.29 and a twelve month high of $19.61. The business has a 50 day simple moving average of $18.64 and a 200-day simple moving average of $19.10.

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.