Geneos Wealth Management Inc. Raises Position in First Trust Institutional Preferred Securities and Income ETF $FPEI

Geneos Wealth Management Inc. lifted its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 202.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 324,397 shares of the company’s stock after purchasing an additional 217,079 shares during the quarter. Geneos Wealth Management Inc. owned about 0.38% of First Trust Institutional Preferred Securities and Income ETF worth $6,160,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of FPEI. Annex Advisory Services LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the second quarter valued at $15,970,000. Citizens Financial Group Inc. RI grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 65.6% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 951,002 shares of the company’s stock valued at $18,060,000 after purchasing an additional 376,887 shares during the last quarter. Royal Bank of Canada raised its position in First Trust Institutional Preferred Securities and Income ETF by 11.9% in the 1st quarter. Royal Bank of Canada now owns 3,334,754 shares of the company’s stock worth $62,360,000 after purchasing an additional 355,102 shares during the period. Raymond James Financial Inc. boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 12.4% during the second quarter. Raymond James Financial Inc. now owns 2,006,953 shares of the company’s stock valued at $38,112,000 after buying an additional 222,032 shares during the period. Finally, Prospera Financial Services Inc boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 419.4% during the second quarter. Prospera Financial Services Inc now owns 264,187 shares of the company’s stock valued at $5,017,000 after buying an additional 213,327 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Trading Down 0.6%

Shares of NYSEARCA FPEI opened at $19.32 on Monday. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $17.81 and a fifty-two week high of $19.53. The business’s 50 day moving average price is $19.39 and its 200-day moving average price is $19.19.

First Trust Institutional Preferred Securities and Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 21st were given a dividend of $0.0905 per share. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Friday, November 21st.

First Trust Institutional Preferred Securities and Income ETF Company Profile

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.