Perella Weinberg Partners Capital Management LP Purchases New Shares in FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX)

Perella Weinberg Partners Capital Management LP acquired a new stake in FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,934,861 shares of the company’s stock, valued at approximately $41,174,000. FT Energy Income Partners Strategy ETF accounts for approximately 3.4% of Perella Weinberg Partners Capital Management LP’s investment portfolio, making the stock its 10th biggest position. Perella Weinberg Partners Capital Management LP owned 28.45% of FT Energy Income Partners Strategy ETF as of its most recent filing with the SEC.

Separately, Private Advisor Group LLC grew its stake in FT Energy Income Partners Strategy ETF by 10.0% in the 3rd quarter. Private Advisor Group LLC now owns 168,404 shares of the company’s stock valued at $3,553,000 after purchasing an additional 15,307 shares during the period.

FT Energy Income Partners Strategy ETF Trading Up 0.5 %

Shares of EIPX stock traded up $0.11 on Friday, hitting $23.47. 51,873 shares of the stock were exchanged, compared to its average volume of 28,065. The firm’s 50 day moving average is $23.29 and its two-hundred day moving average is $21.99. FT Energy Income Partners Strategy ETF has a one year low of $19.19 and a one year high of $24.08. The firm has a market capitalization of $295.70 million, a PE ratio of 11.81 and a beta of 0.50.

FT Energy Income Partners Strategy ETF Company Profile

The FT Energy Income Partners Strategy ETF (EIPX) is an exchange-traded fund that mostly invests in energy equity. The fund seeks risk-adjusted total return through an actively managed portfolio of global stocks in the energy sector, as broadly defined by the funds sub-adviser. EIPX was launched on Nov 2, 2022 and is managed by First Trust.