TrueWealth Financial Partners acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 111,376 shares of the company’s stock, valued at approximately $2,160,000. First Trust Institutional Preferred Securities and Income ETF makes up approximately 1.8% of TrueWealth Financial Partners’ portfolio, making the stock its 20th largest position. TrueWealth Financial Partners owned 0.12% of First Trust Institutional Preferred Securities and Income ETF as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of FPEI. Montis Financial LLC grew its stake in First Trust Institutional Preferred Securities and Income ETF by 14,194.9% during the third quarter. Montis Financial LLC now owns 1,568,581 shares of the company’s stock valued at $30,336,000 after acquiring an additional 1,557,608 shares in the last quarter. Legacy Edge Advisors LLC purchased a new position in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter valued at approximately $21,779,000. FUKOKU MUTUAL LIFE INSURANCE Co grew its stake in First Trust Institutional Preferred Securities and Income ETF by 103.1% during the third quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,259,000 shares of the company’s stock valued at $24,349,000 after acquiring an additional 639,000 shares in the last quarter. Westview Management dba Westview Investment Advisors purchased a new position in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter valued at approximately $7,480,000. Finally, Raymond James Financial Inc. grew its stake in First Trust Institutional Preferred Securities and Income ETF by 12.4% during the second quarter. Raymond James Financial Inc. now owns 2,006,953 shares of the company’s stock valued at $38,112,000 after acquiring an additional 222,032 shares in the last quarter.
First Trust Institutional Preferred Securities and Income ETF Price Performance
Shares of NYSEARCA:FPEI opened at $19.28 on Thursday. The company has a 50 day moving average of $19.19 and a 200 day moving average of $19.35. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $18.49 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.
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