Raymond James Financial Inc. Invests $36.81 Million in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Raymond James Financial Inc. bought a new stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,968,287 shares of the company’s stock, valued at approximately $36,807,000. Raymond James Financial Inc. owned 2.83% of First Trust Institutional Preferred Securities and Income ETF as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Global Retirement Partners LLC grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 151.5% in the 4th quarter. Global Retirement Partners LLC now owns 3,036 shares of the company’s stock valued at $57,000 after purchasing an additional 1,829 shares during the period. Private Trust Co. NA boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 17.2% in the 4th quarter. Private Trust Co. NA now owns 9,293 shares of the company’s stock valued at $174,000 after purchasing an additional 1,364 shares in the last quarter. Cerity Partners LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter worth about $195,000. Greatmark Investment Partners Inc. lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 6.5% during the 4th quarter. Greatmark Investment Partners Inc. now owns 14,275 shares of the company’s stock valued at $267,000 after purchasing an additional 875 shares during the last quarter. Finally, OLD Mission Capital LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF in the fourth quarter valued at about $269,000.

First Trust Institutional Preferred Securities and Income ETF Trading Up 0.3 %

NYSEARCA:FPEI opened at $18.18 on Wednesday. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $17.81 and a 1 year high of $19.11. The firm has a 50 day moving average of $18.65 and a 200-day moving average of $18.75.

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.