Smith Chas P & Associates PA Cpas acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report) in the third quarter, HoldingsChannel.com reports. The firm acquired 2,410,152 shares of the company’s stock, valued at approximately $44,684,000. First Trust Institutional Preferred Securities and Income ETF makes up about 2.2% of Smith Chas P & Associates PA Cpas’ holdings, making the stock its 20th largest position.
Other hedge funds have also recently bought and sold shares of the company. Magnus Financial Group LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at $909,000. Fifth Third Securities Inc. bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at $1,211,000. QP Wealth Management LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF during the third quarter worth $952,000. Integrated Advisors Network LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at about $233,000. Finally, Maia Wealth LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at about $357,000.
First Trust Institutional Preferred Securities and Income ETF Stock Down 0.5%
First Trust Institutional Preferred Securities and Income ETF stock opened at $18.39 on Thursday. The stock’s 50 day moving average is $18.78 and its 200-day moving average is $19.07. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $18.30 and a 12 month high of $19.61.
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.
See Also
- Five stocks we like better than First Trust Institutional Preferred Securities and Income ETF
- GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall?
- Intercepting Growth: Karman Secures $218M Lockheed Martin Deal
- Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs
- Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors
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.
