90,174 Shares in First Trust Institutional Preferred Securities and Income ETF $FPEI Purchased by Fifth Third Bancorp

Fifth Third Bancorp bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 90,174 shares of the company’s stock, valued at approximately $1,713,000. Fifth Third Bancorp owned 0.09% of First Trust Institutional Preferred Securities and Income ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FPEI. Annex Advisory Services LLC lifted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 7.6% in the fourth quarter. Annex Advisory Services LLC now owns 972,278 shares of the company’s stock worth $18,852,000 after buying an additional 68,734 shares in the last quarter. Merkkuri Wealth Advisors LLC purchased a new position in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter valued at $1,514,000. Investment Partners Asset Management Inc. purchased a new position in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter valued at $847,000. Roman Butler Fullerton & Co. bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at $1,223,000. Finally, Merit Financial Group LLC increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 12.0% in the 4th quarter. Merit Financial Group LLC now owns 1,852,841 shares of the company’s stock valued at $35,927,000 after acquiring an additional 199,054 shares during the last quarter.

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

Shares of FPEI stock opened at $19.14 on Thursday. The company’s fifty day simple moving average is $19.25 and its two-hundred day simple moving average is $19.30. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $18.71 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.