Truist Financial Corp Buys 43,775 Shares of First Trust Institutional Preferred Securities and Income ETF $FPEI

Truist Financial Corp increased its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,357,577 shares of the company’s stock after buying an additional 43,775 shares during the period. Truist Financial Corp’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $26,323,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. AE Wealth Management LLC boosted its stake in First Trust Institutional Preferred Securities and Income ETF by 147.3% in the third quarter. AE Wealth Management LLC now owns 2,728 shares of the company’s stock valued at $53,000 after acquiring an additional 1,625 shares during the last quarter. Capital Investment Advisory Services LLC raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 1,876.4% in the 4th quarter. Capital Investment Advisory Services LLC now owns 4,447 shares of the company’s stock worth $86,000 after purchasing an additional 4,222 shares during the period. Centaurus Financial Inc. bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter worth approximately $107,000. Sound Income Strategies LLC lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 392.3% in the fourth quarter. Sound Income Strategies LLC now owns 8,423 shares of the company’s stock valued at $164,000 after purchasing an additional 6,712 shares during the last quarter. Finally, Calton & Associates Inc. bought a new position in First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at $204,000.

First Trust Institutional Preferred Securities and Income ETF Price Performance

NYSEARCA:FPEI opened at $19.28 on Thursday. The business has a fifty day simple moving average of $19.21 and a two-hundred day simple moving average of $19.35. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $18.47 and a 1 year high of $19.61.

First Trust Institutional Preferred Securities and Income ETF Company 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.