First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Stock Position Increased by Royal Bank of Canada

Royal Bank of Canada boosted its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 1.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,979,652 shares of the company’s stock after purchasing an additional 48,838 shares during the quarter. Royal Bank of Canada owned about 4.29% of First Trust Institutional Preferred Securities and Income ETF worth $55,720,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Global Retirement Partners LLC raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 151.5% during the 4th quarter. Global Retirement Partners LLC now owns 3,036 shares of the company’s stock worth $57,000 after buying an additional 1,829 shares in the last quarter. Dunhill Financial LLC raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 15.2% during the 4th quarter. Dunhill Financial LLC now owns 6,359 shares of the company’s stock worth $119,000 after buying an additional 839 shares in the last quarter. Private Trust Co. NA raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 17.2% during the 4th quarter. Private Trust Co. NA now owns 9,293 shares of the company’s stock worth $174,000 after buying an additional 1,364 shares in the last quarter. Cerity Partners LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth about $195,000. Finally, Citadel Advisors LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth about $266,000.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

FPEI stock opened at $18.72 on Wednesday. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $17.81 and a 52 week high of $19.11. The firm’s 50-day moving average is $18.48 and its two-hundred day moving average is $18.67.

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.