Truist Financial Corp Has $12.08 Million Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Truist Financial Corp raised its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 55.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 677,444 shares of the company’s stock after acquiring an additional 241,941 shares during the quarter. Truist Financial Corp’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $12,079,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FPEI. NBC Securities Inc. acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at $176,000. Envestnet Portfolio Solutions Inc. acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at $198,000. Kingswood Wealth Advisors LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at $314,000. Wagner Wealth Management LLC increased its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 5.3% during the 4th quarter. Wagner Wealth Management LLC now owns 17,750 shares of the company’s stock worth $316,000 after purchasing an additional 898 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 26.0% during the 4th quarter. Koshinski Asset Management Inc. now owns 23,687 shares of the company’s stock worth $422,000 after purchasing an additional 4,895 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

First Trust Institutional Preferred Securities and Income ETF stock opened at $18.02 on Thursday. The company’s 50-day moving average is $18.10 and its 200-day moving average is $17.69. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $16.39 and a fifty-two week high of $18.28.

First Trust Institutional Preferred Securities and Income ETF Company 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.