Synovus Financial Corp Boosts Holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Synovus Financial Corp raised its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 23.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,944 shares of the company’s stock after purchasing an additional 7,108 shares during the period. Synovus Financial Corp owned 0.05% of First Trust Institutional Preferred Securities and Income ETF worth $691,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of FPEI. Raymond James Financial Inc. acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth approximately $36,807,000. JPMorgan Chase & Co. raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 69.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,586,258 shares of the company’s stock worth $29,663,000 after acquiring an additional 652,332 shares during the last quarter. LPL Financial LLC lifted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 22.3% in the fourth quarter. LPL Financial LLC now owns 3,518,452 shares of the company’s stock valued at $65,795,000 after acquiring an additional 641,323 shares in the last quarter. Stonebridge Advisors LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the fourth quarter valued at $6,867,000. Finally, Fifth Third Securities Inc. acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the fourth quarter valued at $6,189,000.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

NYSEARCA:FPEI opened at $18.17 on Thursday. First Trust Institutional Preferred Securities and Income ETF has a 12-month low of $17.81 and a 12-month high of $19.11. The company’s 50-day moving average is $18.63 and its two-hundred day moving average is $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.