31,829 Shares in First Trust Institutional Preferred Securities and Income ETF $FPEI Purchased by Elevation Wealth Partners LLC

Elevation Wealth Partners LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 31,829 shares of the company’s stock, valued at approximately $587,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FPEI. Bank of America Corp DE lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 29.3% in the 1st quarter. Bank of America Corp DE now owns 6,017,351 shares of the company’s stock worth $114,330,000 after purchasing an additional 1,364,824 shares in the last quarter. Royal Bank of Canada increased its stake in First Trust Institutional Preferred Securities and Income ETF by 7.0% in the 1st quarter. Royal Bank of Canada now owns 5,375,215 shares of the company’s stock worth $102,128,000 after acquiring an additional 351,265 shares during the last quarter. Montis Financial LLC increased its stake in First Trust Institutional Preferred Securities and Income ETF by 10.6% in the 4th quarter. Montis Financial LLC now owns 1,735,426 shares of the company’s stock worth $33,650,000 after acquiring an additional 166,845 shares during the last quarter. Annex Advisory Services LLC boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 11.8% during the 2nd quarter. Annex Advisory Services LLC now owns 1,146,209 shares of the company’s stock valued at $22,110,000 after acquiring an additional 120,692 shares during the last quarter. Finally, Citizens Financial Group Inc. RI boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 2.8% during the 1st quarter. Citizens Financial Group Inc. RI now owns 996,035 shares of the company’s stock valued at $18,925,000 after acquiring an additional 27,511 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Trading Down 0.4%

Shares of FPEI stock traded down $0.07 on Wednesday, reaching $18.46. The company’s stock had a trading volume of 755,141 shares, compared to its average volume of 422,568. The stock’s fifty day simple moving average is $18.92 and its 200-day simple moving average is $19.10. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $18.30 and a 1 year 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.