Legacy CG LLC Makes New Investment in First Trust Institutional Preferred Securities and Income ETF $FPEI

Legacy CG LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 473,219 shares of the company’s stock, valued at approximately $8,726,000. First Trust Institutional Preferred Securities and Income ETF makes up approximately 2.2% of Legacy CG LLC’s portfolio, making the stock its 16th largest holding. Legacy CG LLC owned about 0.47% of First Trust Institutional Preferred Securities and Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Smith Chas P & Associates PA Cpas purchased a new position in First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at about $44,684,000. Bank of America Corp DE raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 29.3% during the 1st quarter. Bank of America Corp DE now owns 6,017,351 shares of the company’s stock worth $114,330,000 after purchasing an additional 1,364,824 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth about $17,582,000. Essex LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth about $11,825,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at about $11,064,000.

First Trust Institutional Preferred Securities and Income ETF Trading Down 0.1%

Shares of First Trust Institutional Preferred Securities and Income ETF stock opened at $18.49 on Wednesday. The stock has a 50-day simple moving average of $18.66 and a 200-day simple moving average of $19.11. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $18.29 and a 52-week high of $19.61.

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.