Legacy CG LLC Makes New $8.73 Million Investment in First Trust Institutional Preferred Securities and Income ETF $FPEI

Legacy CG LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) during the 3rd quarter, Holdings Channel reports. The fund bought 473,219 shares of the company’s stock, valued at approximately $8,726,000. First Trust Institutional Preferred Securities and Income ETF comprises 2.2% of Legacy CG LLC’s holdings, making the stock its 16th largest position.

Several other institutional investors have also recently bought and sold shares of the company. Integrity Alliance LLC. acquired a new position in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth $880,000. Pinnacle Financial Group LLC IL bought a new stake in First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at about $975,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at about $645,000. MGO One Seven LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at about $3,433,000. Finally, International Assets Investment Management LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter worth about $11,064,000.

First Trust Institutional Preferred Securities and Income ETF Trading Down 0.1%

First Trust Institutional Preferred Securities and Income ETF stock opened at $18.49 on Wednesday. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $18.29 and a 52 week high of $19.61. The business’s 50-day simple moving average is $18.66 and its 200-day simple moving average is $19.11.

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.