B. Riley Wealth Advisors Inc. acquired a new stake in First Trust Institutional Preferred Securities and Income ETF, while other hedge funds have also recently made changes to their positions in the company. The First Trust Institutional Preferred Securities and Income ETF invests in broad credit fixed income, managed actively to provide current income and total return by investing in global institutional preferred and income-producing debt securities. Investors can stay up-to-date on the latest hedge fund holdings and insider trades for FPEI by visiting HoldingsChannel.com. They can also receive a daily summary of the latest news and analyst ratings for FPEI and related companies by signing up for MarketBeat.com’s free email newsletter.
B. Riley Wealth Advisors Invests in First Trust Institutional Preferred Securities and Income ETF
During the third quarter, B. Riley Wealth Advisors Inc. acquired a new stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI), according to recent reports. Several other hedge funds have also made recent changes to their positions in the company. UBS Group AG, for example, increased its holdings in FPEI by 127% during the second quarter, while Phocas Financial Corp. increased its stake by 3.3% during the third quarter. IFP Advisors Inc. and Platform Technology Partners have also increased their stakes by 19.4% and 14.8%, respectively. Stratos Wealth Partners LTD. acquired a new position in the company during the third quarter valued at approximately $777,000.
FPEI opened at $16.87 on Friday and has a 12-month low of $16.77 and a 12-month high of $19.47. The company’s 50-day and 200-day simple moving averages are $18.30 and $17.88, respectively.
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 primarily invests in broad credit fixed income. The fund is managed actively to provide current income and total return by investing in global institutional preferred and income-producing debt securities.
Stay Updated on FPEI with HoldingsChannel.com and MarketBeat
Stay up-to-date on the latest hedge fund holdings and insider trades for First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by visiting HoldingsChannel.com. You can also receive a daily summary of the latest news and analyst ratings for FPEI and related companies by signing up for MarketBeat.com’s free email newsletter.
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