Envestnet Asset Management Inc. Invests $364,000 in FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX)

Envestnet Asset Management Inc. bought a new stake in FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,836 shares of the company’s stock, valued at approximately $364,000. Envestnet Asset Management Inc. owned about 0.12% of FT Energy Income Partners Strategy ETF as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Summit Trail Advisors LLC lifted its stake in FT Energy Income Partners Strategy ETF by 29.0% in the fourth quarter. Summit Trail Advisors LLC now owns 99,142 shares of the company’s stock worth $2,430,000 after purchasing an additional 22,286 shares during the last quarter. IFP Advisors Inc bought a new stake in shares of FT Energy Income Partners Strategy ETF in the 4th quarter valued at about $526,000. SRS Capital Advisors Inc. purchased a new stake in FT Energy Income Partners Strategy ETF during the 4th quarter valued at about $1,182,000. Raymond James Financial Inc. bought a new position in FT Energy Income Partners Strategy ETF during the 4th quarter worth approximately $4,191,000. Finally, Prosperity Wealth Management Inc. increased its stake in FT Energy Income Partners Strategy ETF by 10.7% in the 4th quarter. Prosperity Wealth Management Inc. now owns 13,613 shares of the company’s stock worth $334,000 after purchasing an additional 1,316 shares during the period.

FT Energy Income Partners Strategy ETF Stock Performance

Shares of EIPX stock opened at $24.27 on Tuesday. FT Energy Income Partners Strategy ETF has a fifty-two week low of $21.94 and a fifty-two week high of $26.71. The stock has a 50 day moving average price of $24.75 and a two-hundred day moving average price of $25.15. The company has a market capitalization of $365.26 million, a P/E ratio of 14.14 and a beta of 0.49.

About FT Energy Income Partners Strategy ETF

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.