MGO One Seven LLC purchased a new position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 186,150 shares of the company’s stock, valued at approximately $3,433,000.
Other hedge funds have also recently added to or reduced their stakes in the company. 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 $11,064,000. Partners Wealth Management LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth $664,000. Vaquero Private Wealth Ltd. bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth $3,278,000. Victory Financial Group LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth $3,998,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth $349,000.
First Trust Institutional Preferred Securities and Income ETF Stock Performance
Shares of NYSEARCA FPEI opened at $18.50 on Tuesday. The stock’s fifty day simple moving average is $18.67 and its 200 day simple moving average is $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.
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.
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