Eastern Bank Makes New Investment in FT Energy Income Partners Strategy ETF $EIPX

Eastern Bank purchased a new stake in shares of FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 100,845 shares of the company’s stock, valued at approximately $2,666,000. Eastern Bank owned about 0.65% of FT Energy Income Partners Strategy ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Marshall Investment Management LLC bought a new stake in FT Energy Income Partners Strategy ETF in the third quarter worth approximately $1,224,000. Flow Traders U.S. LLC acquired a new stake in shares of FT Energy Income Partners Strategy ETF in the 3rd quarter valued at $556,000. Raymond James Financial Inc. raised its holdings in FT Energy Income Partners Strategy ETF by 0.7% during the third quarter. Raymond James Financial Inc. now owns 170,560 shares of the company’s stock valued at $4,463,000 after buying an additional 1,233 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of FT Energy Income Partners Strategy ETF by 41.4% during the 3rd quarter. Private Advisor Group LLC now owns 17,000 shares of the company’s stock worth $445,000 after acquiring an additional 4,977 shares in the last quarter. Finally, AlTi Global Inc. raised its stake in shares of FT Energy Income Partners Strategy ETF by 5.1% in the 3rd quarter. AlTi Global Inc. now owns 4,387,022 shares of the company’s stock valued at $114,794,000 after acquiring an additional 213,621 shares in the last quarter.

FT Energy Income Partners Strategy ETF Stock Up 0.3%

Shares of EIPX stock opened at $32.47 on Friday. The company has a market cap of $500.04 million, a PE ratio of 14.99 and a beta of 0.51. FT Energy Income Partners Strategy ETF has a 12 month low of $21.94 and a 12 month high of $32.74. The business’s 50 day moving average is $30.41 and its two-hundred day moving average is $27.86.

FT Energy Income Partners Strategy ETF Company 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.