Royal Bank of Canada Raises Holdings in FT Energy Income Partners Strategy ETF $EIPX

Royal Bank of Canada grew its stake in shares of FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) by 192.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,454 shares of the company’s stock after acquiring an additional 23,998 shares during the quarter. Royal Bank of Canada owned about 0.23% of FT Energy Income Partners Strategy ETF worth $1,172,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of EIPX. Fifth Third Bancorp purchased a new stake in FT Energy Income Partners Strategy ETF during the 1st quarter worth approximately $26,000. D.A. Davidson & CO. acquired a new stake in shares of FT Energy Income Partners Strategy ETF during the first quarter worth $271,000. Van Diest Capital LLC acquired a new stake in shares of FT Energy Income Partners Strategy ETF during the fourth quarter worth $226,000. Jane Street Group LLC purchased a new stake in shares of FT Energy Income Partners Strategy ETF during the first quarter valued at $324,000. Finally, Sigma Planning Corp grew its holdings in shares of FT Energy Income Partners Strategy ETF by 13.2% during the first quarter. Sigma Planning Corp now owns 15,685 shares of the company’s stock valued at $504,000 after buying an additional 1,835 shares during the last quarter.

FT Energy Income Partners Strategy ETF Price Performance

NYSEARCA EIPX opened at $33.49 on Friday. The company has a market cap of $579.38 million, a price-to-earnings ratio of 14.99 and a beta of 0.32. The stock’s fifty day moving average price is $32.15 and its 200 day moving average price is $31.79. FT Energy Income Partners Strategy ETF has a 1 year low of $25.38 and a 1 year high of $33.84.

About FT Energy Income Partners Strategy ETF

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.