Veridan Wealth LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 119,204 shares of the company’s stock, valued at approximately $2,228,000.
Other hedge funds have also added to or reduced their stakes in the company. Global Retirement Partners LLC increased its position in First Trust Institutional Preferred Securities and Income ETF by 151.5% during the 4th quarter. Global Retirement Partners LLC now owns 3,036 shares of the company’s stock worth $57,000 after buying an additional 1,829 shares during the period. Private Trust Co. NA grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 17.2% in the fourth quarter. Private Trust Co. NA now owns 9,293 shares of the company’s stock valued at $174,000 after acquiring an additional 1,364 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF during the third quarter worth about $209,000. Fiduciary Trust Co acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter worth about $263,000. Finally, Hobbs Group Advisors LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at about $289,000.
First Trust Institutional Preferred Securities and Income ETF Stock Performance
Shares of NYSEARCA:FPEI opened at $18.81 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 12-month low of $17.90 and a 12-month high of $19.11. The company’s 50 day moving average price is $18.73 and its two-hundred day moving average price is $18.81.
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.
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