First Trust Institutional Preferred Securities and Income ETF $FPEI is Montis Financial LLC’s 3rd Largest Position

Montis Financial LLC raised its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 10.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,735,426 shares of the company’s stock after purchasing an additional 166,845 shares during the period. First Trust Institutional Preferred Securities and Income ETF makes up approximately 6.7% of Montis Financial LLC’s investment portfolio, making the stock its 3rd biggest position. Montis Financial LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $33,650,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC purchased a new position in First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at about $29,000. AE Wealth Management LLC boosted its position in First Trust Institutional Preferred Securities and Income ETF by 147.3% in the 3rd quarter. AE Wealth Management LLC now owns 2,728 shares of the company’s stock valued at $53,000 after buying an additional 1,625 shares during the last quarter. Capital Investment Advisory Services LLC boosted its position in 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 valued at $86,000 after buying an additional 4,222 shares during the last quarter. Greykasell Wealth Strategies Inc. purchased a new position in First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at about $88,000. Finally, Centaurus Financial Inc. purchased a new position in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at about $107,000.

First Trust Institutional Preferred Securities and Income ETF Price Performance

NYSEARCA:FPEI opened at $19.20 on Tuesday. The firm has a 50-day moving average of $19.19 and a two-hundred day moving average of $19.32. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $18.71 and a 1-year 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.