Pinnacle Financial Group LLC IL acquired a new position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 52,886 shares of the company’s stock, valued at approximately $975,000. Pinnacle Financial Group LLC IL owned approximately 0.05% of First Trust Institutional Preferred Securities and Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at about $126,000. Valmark Advisers Inc. acquired a new position in First Trust Institutional Preferred Securities and Income ETF during the 1st quarter worth about $192,000. Independent Financial Group LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF during the 1st quarter worth about $199,000. Accel Wealth Management bought a new stake in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth about $209,000. Finally, Integrated Advisors Network LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth about $233,000.
First Trust Institutional Preferred Securities and Income ETF Price Performance
Shares of NYSEARCA FPEI opened at $18.48 on Monday. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $18.29 and a 1-year high of $19.61. The company has a 50-day moving average of $18.68 and a two-hundred day moving average of $19.12.
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. FPEI was launched on Aug 22, 2017 and is managed by First Trust.
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