Synergy Asset Management LLC Makes New $4.95 Million Investment in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Synergy Asset Management LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 264,352 shares of the company’s stock, valued at approximately $4,951,000. Synergy Asset Management LLC owned approximately 0.38% of First Trust Institutional Preferred Securities and Income ETF as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its stake in First Trust Institutional Preferred Securities and Income ETF by 202.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 933,926 shares of the company’s stock worth $17,810,000 after purchasing an additional 625,087 shares during the period. Citizens Financial Group Inc. RI boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 38.5% during the third quarter. Citizens Financial Group Inc. RI now owns 617,850 shares of the company’s stock worth $11,782,000 after acquiring an additional 171,730 shares during the last quarter. Jane Street Group LLC purchased a new position in First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at $1,468,000. CWM LLC increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 121.1% in the 3rd quarter. CWM LLC now owns 138,360 shares of the company’s stock valued at $2,639,000 after acquiring an additional 75,793 shares during the last quarter. Finally, Key Financial Inc boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 8.3% during the 3rd quarter. Key Financial Inc now owns 968,389 shares of the company’s stock valued at $18,467,000 after purchasing an additional 74,532 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of First Trust Institutional Preferred Securities and Income ETF stock opened at $18.69 on Thursday. First Trust Institutional Preferred Securities and Income ETF has a twelve month low of $17.89 and a twelve month high of $19.11. The business has a 50-day moving average price of $18.74 and a 200-day moving average price of $18.77.

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.