68,658 Shares in FT Energy Income Partners Strategy ETF $EIPX Purchased by Arax Advisory Partners

Arax Advisory Partners bought a new stake in FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 68,658 shares of the company’s stock, valued at approximately $1,815,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. HBW Advisory Services LLC increased its holdings in FT Energy Income Partners Strategy ETF by 526.1% during the 4th quarter. HBW Advisory Services LLC now owns 49,626 shares of the company’s stock worth $1,312,000 after acquiring an additional 41,700 shares during the period. Eastern Bank bought a new stake in FT Energy Income Partners Strategy ETF during the 4th quarter worth approximately $2,666,000. Marshall Investment Management LLC bought a new stake in FT Energy Income Partners Strategy ETF during the 3rd quarter worth approximately $1,224,000. Concurrent Investment Advisors LLC bought a new stake in FT Energy Income Partners Strategy ETF during the 4th quarter worth approximately $708,000. Finally, CWM LLC increased its holdings in FT Energy Income Partners Strategy ETF by 3.5% during the 4th quarter. CWM LLC now owns 99,315 shares of the company’s stock worth $2,626,000 after acquiring an additional 3,353 shares during the period.

FT Energy Income Partners Strategy ETF Trading Down 1.3%

FT Energy Income Partners Strategy ETF stock opened at $31.66 on Tuesday. The firm’s 50 day simple moving average is $32.05 and its 200 day simple moving average is $30.06. The firm has a market capitalization of $512.89 million, a PE ratio of 14.99 and a beta of 0.32. FT Energy Income Partners Strategy ETF has a 1-year low of $25.38 and a 1-year high of $33.09.

FT Energy Income Partners Strategy ETF Profile

The FT Energy Income Partners Strategy ETF (EIPX) is an exchange-traded fund that mostly invests in energy equity. The fund seeks risk-adjusted total return through an actively managed portfolio of global stocks in the energy sector, as broadly defined by the funds sub-adviser. EIPX was launched on Nov 2, 2022 and is managed by First Trust.