TrueWealth Financial Partners Buys Shares of 111,376 First Trust Institutional Preferred Securities and Income ETF $FPEI

TrueWealth Financial Partners bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 111,376 shares of the company’s stock, valued at approximately $2,160,000. First Trust Institutional Preferred Securities and Income ETF comprises 1.8% of TrueWealth Financial Partners’ investment portfolio, making the stock its 20th biggest position.

Several other hedge funds have also bought and sold shares of FPEI. Jane Street Group LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF during the first quarter valued at approximately $1,520,000. First Trust Advisors LP lifted its position in First Trust Institutional Preferred Securities and Income ETF by 7.9% during the second quarter. First Trust Advisors LP now owns 262,064 shares of the company’s stock valued at $4,977,000 after purchasing an additional 19,155 shares during the last quarter. Raymond James Financial Inc. lifted its position in First Trust Institutional Preferred Securities and Income ETF by 12.4% during the second quarter. Raymond James Financial Inc. now owns 2,006,953 shares of the company’s stock valued at $38,112,000 after purchasing an additional 222,032 shares during the last quarter. Vista Investment Management raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 3.6% during the second quarter. Vista Investment Management now owns 265,973 shares of the company’s stock worth $5,051,000 after acquiring an additional 9,203 shares in the last quarter. Finally, MML Investors Services LLC lifted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 7.4% in the 2nd quarter. MML Investors Services LLC now owns 38,636 shares of the company’s stock worth $734,000 after acquiring an additional 2,676 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of FPEI opened at $19.28 on Thursday. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $18.49 and a fifty-two week high of $19.61. The firm has a 50 day moving average price of $19.19 and a 200-day moving average price of $19.35.

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.