First Trust Institutional Preferred Securities and Income ETF $FPEI Shares Bought by Sutton Place Investors LLC

Sutton Place Investors LLC raised its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 3.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 119,647 shares of the company’s stock after purchasing an additional 3,669 shares during the quarter. First Trust Institutional Preferred Securities and Income ETF comprises 1.4% of Sutton Place Investors LLC’s investment portfolio, making the stock its 19th biggest position. Sutton Place Investors LLC owned 0.14% of First Trust Institutional Preferred Securities and Income ETF worth $2,272,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. LPL Financial LLC boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 9.1% in the 1st quarter. LPL Financial LLC now owns 3,837,937 shares of the company’s stock valued at $71,769,000 after purchasing an additional 319,485 shares during the last quarter. Royal Bank of Canada boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 11.9% in the 1st quarter. Royal Bank of Canada now owns 3,334,754 shares of the company’s stock valued at $62,360,000 after purchasing an additional 355,102 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 18.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,463,341 shares of the company’s stock valued at $46,064,000 after purchasing an additional 375,497 shares during the last quarter. Smith Chas P & Associates PA Cpas boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 2.2% in the 2nd quarter. Smith Chas P & Associates PA Cpas now owns 2,292,114 shares of the company’s stock valued at $43,527,000 after purchasing an additional 49,272 shares during the last quarter. Finally, Truist Financial Corp boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 8.7% in the 2nd quarter. Truist Financial Corp now owns 1,209,178 shares of the company’s stock valued at $22,962,000 after purchasing an additional 96,463 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Price Performance

First Trust Institutional Preferred Securities and Income ETF stock opened at $19.38 on Friday. The company’s 50 day simple moving average is $19.22 and its 200-day simple moving average is $18.86. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $17.81 and a 1 year high of $19.48.

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.