True Blue Financial LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 147,412 shares of the company’s stock, valued at approximately $2,718,000. First Trust Institutional Preferred Securities and Income ETF comprises about 1.0% of True Blue Financial LLC’s holdings, making the stock its 28th biggest holding.
Other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at approximately $126,000. Valmark Advisers Inc. purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 1st quarter worth $192,000. Independent Financial Group LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 1st quarter valued at $199,000. Accel Wealth Management bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at $209,000. Finally, D.A. Davidson & CO. bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 1st quarter valued at $247,000.
First Trust Institutional Preferred Securities and Income ETF Stock Performance
NYSEARCA:FPEI opened at $18.52 on Friday. First Trust Institutional Preferred Securities and Income ETF has a one year low of $18.30 and a one year high of $19.61. The business has a fifty day moving average price of $18.84 and a 200-day moving average price of $19.08.
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.
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