Citizens Business Bank Acquires 40,655 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Citizens Business Bank increased its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 997,541 shares of the company’s stock after buying an additional 40,655 shares during the period. First Trust Institutional Preferred Securities and Income ETF comprises about 3.6% of Citizens Business Bank’s investment portfolio, making the stock its 5th largest position. Citizens Business Bank owned approximately 1.44% of First Trust Institutional Preferred Securities and Income ETF worth $18,654,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC lifted its position 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 worth $57,000 after buying an additional 1,829 shares during the last quarter. Dunhill Financial LLC grew its stake in First Trust Institutional Preferred Securities and Income ETF by 15.2% during the 4th quarter. Dunhill Financial LLC now owns 6,359 shares of the company’s stock worth $119,000 after buying an additional 839 shares during the last quarter. Private Trust Co. NA lifted its stake in 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 buying an additional 1,364 shares during the last quarter. Cerity Partners LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at about $195,000. Finally, Citadel Advisors LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF during the 4th quarter valued at about $266,000.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

FPEI opened at $18.51 on Thursday. The stock’s 50 day moving average price is $18.50 and its 200 day moving average price is $18.68. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $17.81 and a 12 month high of $19.11.

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.