First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 140.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 42,000 shares of the company’s stock after buying an additional 24,508 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $799,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FPEI. Park Avenue Securities LLC grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 12.0% in the 2nd quarter. Park Avenue Securities LLC now owns 51,972 shares of the company’s stock worth $955,000 after acquiring an additional 5,575 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 8.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,388,483 shares of the company’s stock worth $25,506,000 after acquiring an additional 108,761 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 2nd quarter worth approximately $514,000. PNC Financial Services Group Inc. acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter worth approximately $45,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 7.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 592,930 shares of the company’s stock worth $10,803,000 after acquiring an additional 39,986 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

FPEI opened at $18.75 on Friday. The stock’s 50 day simple moving average is $18.91 and its 200 day simple moving average is $18.54. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $16.71 and a 1-year high of $19.11.

First Trust Institutional Preferred Securities and Income ETF 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.