First Trust Institutional Preferred Securities and Income ETF $FPEI Stock Holdings Increased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 13.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 328,185 shares of the company’s stock after purchasing an additional 39,168 shares during the period. Commonwealth Equity Services LLC owned approximately 0.36% of First Trust Institutional Preferred Securities and Income ETF worth $6,347,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Greenwood Capital Associates LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the second quarter valued at approximately $202,000. Montis Financial LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the second quarter worth approximately $208,000. Advance Capital Management Inc. boosted its stake in First Trust Institutional Preferred Securities and Income ETF by 18.6% during the 3rd quarter. Advance Capital Management Inc. now owns 13,234 shares of the company’s stock valued at $256,000 after purchasing an additional 2,079 shares in the last quarter. Pinnacle Financial Group LLC IL boosted its stake in First Trust Institutional Preferred Securities and Income ETF by 33.5% during the 2nd quarter. Pinnacle Financial Group LLC IL now owns 13,891 shares of the company’s stock valued at $264,000 after purchasing an additional 3,489 shares in the last quarter. Finally, Capital Advisors Wealth Management LLC increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 27.6% during the 2nd quarter. Capital Advisors Wealth Management LLC now owns 14,760 shares of the company’s stock valued at $280,000 after purchasing an additional 3,196 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of First Trust Institutional Preferred Securities and Income ETF stock opened at $19.51 on Thursday. The business has a fifty day simple moving average of $19.39 and a 200-day simple moving average of $19.28. 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.

First Trust Institutional Preferred Securities and Income ETF Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Friday, November 21st. This represents a c) annualized dividend and a dividend yield of 5.6%.

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. FPEI was launched on Aug 22, 2017 and is managed by First Trust.