American Institute for Advanced Investment Management LLP Buys New Shares in First Trust Institutional Preferred Securities and Income ETF $FPEI

American Institute for Advanced Investment Management LLP acquired a new position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report) during the third quarter, HoldingsChannel reports. The fund acquired 35,715 shares of the company’s stock, valued at approximately $659,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Smith Chas P & Associates PA Cpas purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter worth about $44,684,000. Bank of America Corp DE grew its stake in shares of 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 buying an additional 1,364,824 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at approximately $17,582,000. Essex LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter worth approximately $11,825,000. Finally, International Assets Investment Management LLC purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at approximately $11,064,000.

First Trust Institutional Preferred Securities and Income ETF Stock Up 0.3%

Shares of FPEI stock opened at $18.58 on Friday. 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 $18.63 and a two-hundred day moving average of $19.10.

First Trust Institutional Preferred Securities and Income ETF Profile

(Free Report)

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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Want to see what other hedge funds are holding FPEI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Free Report).