Montis Financial LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 10,973 shares of the company’s stock, valued at approximately $208,000.
Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC increased its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 126.9% in the first quarter. Farther Finance Advisors LLC now owns 3,410 shares of the company’s stock worth $64,000 after buying an additional 1,907 shares during the last quarter. Continuum Advisory LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF during the 1st quarter worth $68,000. Zions Bancorporation National Association UT acquired a new position in First Trust Institutional Preferred Securities and Income ETF during the 1st quarter worth $94,000. DAVENPORT & Co LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 1st quarter worth about $205,000. Finally, Advance Capital Management Inc. acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 1st quarter valued at about $206,000.
First Trust Institutional Preferred Securities and Income ETF Stock Down 0.1%
Shares of FPEI stock opened at $19.34 on Monday. First Trust Institutional Preferred Securities and Income ETF has a one year low of $17.81 and a one year high of $19.48. The company’s 50-day simple moving average is $19.18 and its 200-day simple moving average is $18.84.
First Trust Institutional Preferred Securities and Income ETF Company 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.
See Also
- Five stocks we like better than First Trust Institutional Preferred Securities and Income ETF
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- SoundHound Breaks Critical Resistance: How High Can It Get Now?
- The 3 Best Retail Stocks to Shop for in August
- Klarna IPO: BNPL Stock or Something Bigger?
- How to Plot Fibonacci Price Inflection Levels
- Why Teradyne Is a Core Play in the AI Hardware Boom
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).
Receive News & Ratings for First Trust Institutional Preferred Securities and Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Institutional Preferred Securities and Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
