Mirae Asset Global Investments Co. Ltd. Has $1.11 Million Stock Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 41.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 59,350 shares of the company’s stock after acquiring an additional 17,350 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.09% of First Trust Institutional Preferred Securities and Income ETF worth $1,110,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth about $209,000. Fiduciary Trust Co acquired a new position in First Trust Institutional Preferred Securities and Income ETF in the third quarter worth approximately $263,000. Hobbs Group Advisors LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at approximately $289,000. NBC Securities Inc. grew its position in 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 worth $289,000 after acquiring an additional 5,087 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the fourth quarter worth approximately $299,000.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

First Trust Institutional Preferred Securities and Income ETF stock opened at $18.79 on Wednesday. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $17.89 and a 1-year high of $19.11. The firm’s fifty day simple moving average is $18.73 and its 200-day simple 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.