Citizens Financial Group Inc. RI Has $18.93 Million Stake in First Trust Institutional Preferred Securities and Income ETF $FPEI

Citizens Financial Group Inc. RI raised its position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 2.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 996,035 shares of the company’s stock after purchasing an additional 27,511 shares during the quarter. Citizens Financial Group Inc. RI owned 1.01% of First Trust Institutional Preferred Securities and Income ETF worth $18,925,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Morgan Stanley boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 11.9% in the fourth quarter. Morgan Stanley now owns 18,537,923 shares of the company’s stock worth $359,450,000 after buying an additional 1,976,898 shares during the period. UBS Group AG raised its position in First Trust Institutional Preferred Securities and Income ETF by 2.0% during the fourth quarter. UBS Group AG now owns 9,002,698 shares of the company’s stock valued at $174,562,000 after buying an additional 175,526 shares during the period. Royal Bank of Canada lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 5.2% in the 4th quarter. Royal Bank of Canada now owns 5,023,950 shares of the company’s stock worth $97,415,000 after acquiring an additional 249,812 shares in the last quarter. Bank of America Corp DE lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 4.6% in the 3rd quarter. Bank of America Corp DE now owns 4,544,959 shares of the company’s stock worth $87,900,000 after acquiring an additional 200,889 shares in the last quarter. Finally, LPL Financial LLC boosted its position in First Trust Institutional Preferred Securities and Income ETF by 2.0% during the 4th quarter. LPL Financial LLC now owns 4,355,471 shares of the company’s stock worth $84,453,000 after acquiring an additional 85,475 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Trading Up 0.1%

NYSEARCA FPEI traded up $0.01 during trading on Friday, reaching $19.28. 184,745 shares of the company’s stock were exchanged, compared to its average volume of 401,783. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $18.71 and a fifty-two week high of $19.61. The company’s fifty day simple moving average is $19.25 and its 200-day simple moving average is $19.31.

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. FPEI was launched on Aug 22, 2017 and is managed by First Trust.