JPMorgan Chase & Co. Grows Position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

JPMorgan Chase & Co. boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 202.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 933,926 shares of the company’s stock after purchasing an additional 625,087 shares during the period. JPMorgan Chase & Co. owned approximately 1.34% of First Trust Institutional Preferred Securities and Income ETF worth $17,810,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Zions Bancorporation N.A. purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 2nd quarter worth $92,000. Northwestern Mutual Wealth Management Co. increased its stake in First Trust Institutional Preferred Securities and Income ETF by 82.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,645 shares of the company’s stock worth $196,000 after acquiring an additional 4,824 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF during the third quarter worth about $209,000. Park National Corp OH acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at about $236,000. Finally, Fiduciary Trust Co acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at about $263,000.

First Trust Institutional Preferred Securities and Income ETF Price Performance

FPEI opened at $18.65 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $17.72 and a 1 year high of $19.11. The firm has a 50 day moving average price of $18.78 and a 200 day moving average price of $18.74.

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.