Summit Trail Advisors LLC Makes New Investment in FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX)

Summit Trail Advisors LLC bought a new position in shares of FT Energy Income Partners Strategy ETF (NYSEARCA:EIPX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 76,856 shares of the company’s stock, valued at approximately $1,858,000.

Several other hedge funds have also recently modified their holdings of the stock. AlTi Global Inc. grew its holdings in shares of FT Energy Income Partners Strategy ETF by 26.4% during the second quarter. AlTi Global Inc. now owns 3,403,611 shares of the company’s stock worth $79,475,000 after buying an additional 711,067 shares in the last quarter. Cerity Partners OCIO LLC acquired a new position in shares of FT Energy Income Partners Strategy ETF during the 2nd quarter worth approximately $56,619,000. Private Advisor Group LLC increased its stake in shares of FT Energy Income Partners Strategy ETF by 4.5% in the 3rd quarter. Private Advisor Group LLC now owns 341,596 shares of the company’s stock worth $8,260,000 after acquiring an additional 14,681 shares during the last quarter. Cedrus LLC lifted its holdings in FT Energy Income Partners Strategy ETF by 24.5% in the third quarter. Cedrus LLC now owns 38,282 shares of the company’s stock valued at $926,000 after acquiring an additional 7,543 shares during the last quarter. Finally, CVA Family Office LLC purchased a new stake in FT Energy Income Partners Strategy ETF in the 3rd quarter valued at about $612,000.

FT Energy Income Partners Strategy ETF Price Performance

Shares of FT Energy Income Partners Strategy ETF stock opened at $26.49 on Monday. FT Energy Income Partners Strategy ETF has a 12 month low of $20.53 and a 12 month high of $26.52. The stock has a market capitalization of $333.77 million, a price-to-earnings ratio of 11.81 and a beta of 0.50. The business has a 50-day moving average of $24.79 and a 200 day moving average of $24.08.

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.