Mirae Asset Global Investments Co. Ltd. Buys 17,350 Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Mirae Asset Global Investments Co. Ltd. grew its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 41.3% during the fourth quarter, HoldingsChannel reports. The firm owned 59,350 shares of the company’s stock after buying an additional 17,350 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $1,110,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Sanctuary Advisors LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF in the 2nd quarter worth $514,000. NBC Securities Inc. grew its position in shares of First Trust Institutional Preferred Securities and Income ETF by 50.4% in the third quarter. NBC Securities Inc. now owns 15,178 shares of the company’s stock valued at $289,000 after purchasing an additional 5,087 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 5.3% in the third quarter. Private Advisor Group LLC now owns 154,750 shares of the company’s stock worth $2,951,000 after purchasing an additional 7,777 shares during the period. McAdam LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth about $330,000. Finally, American Institute for Advanced Investment Management LLP grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 102.0% in the 3rd quarter. American Institute for Advanced Investment Management LLP now owns 25,350 shares of the company’s stock valued at $483,000 after buying an additional 12,800 shares during the last quarter.

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

Shares of NYSEARCA FPEI opened at $18.79 on Wednesday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $17.89 and a 12 month high of $19.11. The business’s 50 day moving average is $18.73 and its two-hundred day moving average is $18.78.

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.