UBS Group AG Increases Holdings in First Trust Institutional Preferred Securities and Income ETF $FPEI

UBS Group AG boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,002,698 shares of the company’s stock after purchasing an additional 175,526 shares during the period. UBS Group AG owned about 0.09% of First Trust Institutional Preferred Securities and Income ETF worth $174,562,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of FPEI. Montis Financial LLC boosted its position in First Trust Institutional Preferred Securities and Income ETF by 14,194.9% during the 3rd quarter. Montis Financial LLC now owns 1,568,581 shares of the company’s stock valued at $30,336,000 after acquiring an additional 1,557,608 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co boosted its position in 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 valued at $24,349,000 after acquiring an additional 639,000 shares in the last quarter. Westview Management dba Westview Investment Advisors bought a new stake in First Trust Institutional Preferred Securities and Income ETF during the 4th quarter valued at approximately $7,480,000. Ocean Park Asset Management LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at approximately $6,875,000. Finally, Raymond James Financial Inc. boosted its position in First Trust Institutional Preferred Securities and Income ETF by 12.4% during the 2nd quarter. Raymond James Financial Inc. now owns 2,006,953 shares of the company’s stock valued at $38,112,000 after acquiring an additional 222,032 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Down 0.1%

First Trust Institutional Preferred Securities and Income ETF stock opened at $19.16 on Thursday. The stock’s 50 day simple moving average is $19.23 and its two-hundred day simple moving average is $19.36. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $18.34 and a fifty-two week high of $19.61.

About First Trust Institutional Preferred Securities and Income ETF

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.