First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Get Free Report) shares saw an uptick in trading volume on Tuesday. Approximately 961,959 shares were traded during trading, an increase of 131% from the previous session’s volume of 417,327 shares. The stock last traded at $18.4950 and had previously closed at $18.42.
First Trust Institutional Preferred Securities and Income ETF Trading Up 0.5%
The business’s fifty day moving average price is $18.93 and its two-hundred day moving average price is $19.11.
Hedge Funds Weigh In On First Trust Institutional Preferred Securities and Income ETF
Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 29.3% in the 1st quarter. Bank of America Corp DE now owns 6,017,351 shares of the company’s stock worth $114,330,000 after acquiring an additional 1,364,824 shares during the last quarter. Royal Bank of Canada increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 7.0% in the first quarter. Royal Bank of Canada now owns 5,375,215 shares of the company’s stock valued at $102,128,000 after buying an additional 351,265 shares during the last quarter. Montis Financial LLC boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 10.6% in the fourth quarter. Montis Financial LLC now owns 1,735,426 shares of the company’s stock valued at $33,650,000 after purchasing an additional 166,845 shares in the last quarter. Annex Advisory Services LLC boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 11.8% during the second quarter. Annex Advisory Services LLC now owns 1,146,209 shares of the company’s stock worth $22,110,000 after buying an additional 120,692 shares during the period. Finally, Citizens Financial Group Inc. RI lifted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 2.8% during the first quarter. Citizens Financial Group Inc. RI now owns 996,035 shares of the company’s stock worth $18,925,000 after purchasing an additional 27,511 shares during the period.
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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