Truist Financial Corp Has $19.93 Million Holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Truist Financial Corp lifted its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,065,892 shares of the company’s stock after acquiring an additional 41,898 shares during the quarter. Truist Financial Corp’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $19,932,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Jaffetilchin Investment Partners LLC lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 1.2% during the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 44,969 shares of the company’s stock worth $858,000 after buying an additional 537 shares in the last quarter. Gladstone Institutional Advisory LLC lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 1.1% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 53,835 shares of the company’s stock worth $1,007,000 after buying an additional 575 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 1.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 56,821 shares of the company’s stock worth $1,063,000 after buying an additional 656 shares in the last quarter. Sutton Place Investors LLC lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 0.9% during the 4th quarter. Sutton Place Investors LLC now owns 115,978 shares of the company’s stock worth $2,169,000 after buying an additional 983 shares in the last quarter. Finally, Walker Asset Management LLC lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 1.2% during the 4th quarter. Walker Asset Management LLC now owns 83,390 shares of the company’s stock worth $1,559,000 after buying an additional 1,000 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Down 0.2 %

NYSEARCA:FPEI opened at $18.84 on Thursday. The stock’s fifty day moving average price is $18.72 and its two-hundred day moving average price is $18.79. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.90 and a 52-week high of $19.11.

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.