Brookstone Capital Management acquired a new position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Get Rating) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 21,653 shares of the company's stock, valued at approximately $390,000.
Several other hedge funds and other institutional investors have also modified their holdings of FPEI. Jane Street Group LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at $9,678,000. Royal Bank of Canada lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 129.3% during the third quarter. Royal Bank of Canada now owns 950,314 shares of the company's stock worth $16,299,000 after acquiring an additional 535,949 shares in the last quarter. Udine Wealth Management Inc. bought a new position in First Trust Institutional Preferred Securities and Income ETF during the third quarter worth about $7,867,000. Elevated Capital Advisors LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF during the third quarter worth about $7,775,000. Finally, Clearwater Capital Advisors LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF during the third quarter worth about $7,612,000.
Get First Trust Institutional Preferred Securities and Income ETF alerts:First Trust Institutional Preferred Securities and Income ETF Trading Down 0.1 %
FPEI stock opened at $16.51 on Thursday. The business's 50-day moving average price is $18.20 and its two-hundred day moving average price is $17.85. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $16.11 and a 1-year high of $19.47.
About First Trust Institutional Preferred Securities and Income ETF
(Get Rating)
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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