B. Riley Wealth Advisors Inc. Makes New $1.55 Million Investment in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

B. Riley Wealth Advisors Inc. purchased a new position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Get Rating) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 90,056 shares of the company’s stock, valued at approximately $1,545,000.

Several other hedge funds have also recently added to or reduced their stakes in FPEI. UBS Group AG boosted its stake in First Trust Institutional Preferred Securities and Income ETF by 127.0% in the 2nd quarter. UBS Group AG now owns 2,727,570 shares of the company’s stock worth $48,332,000 after purchasing an additional 1,525,736 shares during the period. Jane Street Group LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter worth approximately $9,678,000. Royal Bank of Canada boosted its stake in First Trust Institutional Preferred Securities and Income ETF by 129.3% in the 3rd quarter. Royal Bank of Canada now owns 950,314 shares of the company’s stock worth $16,299,000 after purchasing an additional 535,949 shares during the period. Udine Wealth Management Inc. acquired a new position in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter worth approximately $7,867,000. Finally, Elevated Capital Advisors LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter worth approximately $7,775,000.

First Trust Institutional Preferred Securities and Income ETF Stock Down 1.1 %

First Trust Institutional Preferred Securities and Income ETF stock opened at $16.87 on Friday. The company has a 50 day moving average price of $18.30 and a 200 day moving average price of $17.88. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $16.77 and a 52 week high of $19.47.

First Trust Institutional Preferred Securities and Income ETF Profile

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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.