True Blue Financial LLC Purchases 147,412 Shares of First Trust Institutional Preferred Securities and Income ETF $FPEI

True Blue Financial LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 147,412 shares of the company’s stock, valued at approximately $2,718,000. First Trust Institutional Preferred Securities and Income ETF makes up approximately 1.0% of True Blue Financial LLC’s portfolio, making the stock its 28th biggest position. True Blue Financial LLC owned about 0.15% of First Trust Institutional Preferred Securities and Income ETF as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FPEI. Bank of America Corp DE grew its position in 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 valued at $114,330,000 after purchasing an additional 1,364,824 shares during the last quarter. Royal Bank of Canada raised 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 worth $102,128,000 after buying an additional 351,265 shares during the last quarter. Annex Advisory Services LLC raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 11.8% in 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 last quarter. Citizens Financial Group Inc. RI lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 2.8% in the first quarter. Citizens Financial Group Inc. RI now owns 996,035 shares of the company’s stock worth $18,925,000 after buying an additional 27,511 shares in the last quarter. Finally, Essex LLC lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 0.6% in the first quarter. Essex LLC now owns 645,831 shares of the company’s stock worth $12,271,000 after buying an additional 3,573 shares in the last quarter.

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

NYSEARCA:FPEI opened at $18.52 on Friday. The company’s 50 day moving average price is $18.84 and its 200-day moving average price is $19.08. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $18.30 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.