Mirae Asset Global Investments Co. Ltd. Purchases 35,000 Shares of First Trust Institutional Preferred Securities and Income ETF $FPEI

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 35,000 shares of the company’s stock, valued at approximately $645,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Smith Chas P & Associates PA Cpas bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at about $44,684,000. Bank of America Corp DE boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 29.3% during the 1st quarter. Bank of America Corp DE now owns 6,017,351 shares of the company’s stock valued at $114,330,000 after acquiring an additional 1,364,824 shares during the period. Citizens Financial Group Inc. RI bought a new position in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth approximately $17,582,000. Essex LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth approximately $11,825,000. Finally, International Assets Investment Management LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth approximately $11,064,000.

First Trust Institutional Preferred Securities and Income ETF Price Performance

Shares of First Trust Institutional Preferred Securities and Income ETF stock opened at $18.58 on Monday. The business’s 50 day simple moving average is $18.63 and its two-hundred day simple moving average is $19.10. First Trust Institutional Preferred Securities and Income ETF has a one year low of $18.29 and a one year high of $19.61.

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.