First Trust Institutional Preferred Securities and Income ETF $FPEI Shares Acquired by Montis Financial LLC

Montis Financial LLC lifted its position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 10.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,735,426 shares of the company’s stock after buying an additional 166,845 shares during the period. First Trust Institutional Preferred Securities and Income ETF makes up about 6.7% of Montis Financial LLC’s holdings, making the stock its 3rd biggest holding. Montis Financial LLC owned 1.79% of First Trust Institutional Preferred Securities and Income ETF worth $33,650,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in FPEI. Northwestern Mutual Wealth Management Co. increased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 4,539.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,203,161 shares of the company’s stock worth $81,499,000 after buying an additional 4,112,566 shares during the last quarter. Legacy Edge Advisors LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth $21,779,000. Smith Chas P & Associates PA Cpas increased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 71.2% during the 4th quarter. Smith Chas P & Associates PA Cpas now owns 2,380,461 shares of the company’s stock worth $46,157,000 after buying an additional 989,787 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co increased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 103.1% during the 3rd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,259,000 shares of the company’s stock worth $24,349,000 after buying an additional 639,000 shares during the last quarter. Finally, Westview Management dba Westview Investment Advisors acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth $7,480,000.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

FPEI stock opened at $19.20 on Tuesday. The business has a fifty day simple moving average of $19.19 and a 200-day simple moving average of $19.32. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $18.71 and a 52 week high of $19.61.

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. FPEI was launched on Aug 22, 2017 and is managed by First Trust.