Victory Financial Group LLC purchased a new position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report) during the 3rd quarter, HoldingsChannel reports. The firm purchased 216,817 shares of the company’s stock, valued at approximately $3,998,000.
Other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter worth approximately $349,000. Park Avenue Securities LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at approximately $319,000. Apollon Wealth Management LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter worth $460,000. ORBA Wealth Advisors L.L.C. acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter worth $302,000. Finally, Citizens Financial Group Inc. RI acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter worth $17,582,000.
First Trust Institutional Preferred Securities and Income ETF Stock Up 0.4%
Shares of FPEI stock opened at $18.37 on Wednesday. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $18.29 and a 1 year high of $19.61. The firm’s fifty day simple moving average is $18.72 and its 200 day simple moving average is $19.13.
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. FPEI was launched on Aug 22, 2017 and is managed by First Trust.
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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).
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