Fifth Third Bancorp purchased a new position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 90,174 shares of the company’s stock, valued at approximately $1,713,000.
Other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter valued at $29,000. Arax Advisory Partners bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter worth about $36,000. Colonial Trust Co SC increased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 137.5% in the 4th quarter. Colonial Trust Co SC now owns 1,900 shares of the company’s stock worth $37,000 after buying an additional 1,100 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 4th quarter valued at about $84,000. Finally, Capital Investment Advisory Services LLC raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 1,876.4% during the 4th quarter. Capital Investment Advisory Services LLC now owns 4,447 shares of the company’s stock valued at $86,000 after buying an additional 4,222 shares in the last quarter.
First Trust Institutional Preferred Securities and Income ETF Stock Down 0.1%
Shares of NYSEARCA:FPEI opened at $19.14 on Thursday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $18.71 and a 12 month high of $19.61. The company has a 50-day moving average price of $19.25 and a 200 day moving average price of $19.30.
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.
Featured Stories
- Five stocks we like better than First Trust Institutional Preferred Securities and Income ETF
- Could Truth API Become Trump Media’s First Meaningful Revenue Driver?
- Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying
- Moog Is More Than a Missile Maker, and Wall Street Is Noticing
- A Boring Dividend Growth Strategy Becomes a Solid Defensive Play
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.
