Flagstar Advisors Inc. Decreases Holdings in First Trust Institutional Preferred Securities and Income ETF $FPEI

Flagstar Advisors Inc. decreased its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 46.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,005 shares of the company’s stock after selling 26,602 shares during the period. Flagstar Advisors Inc.’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $601,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Commonwealth Equity Services LLC boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 13.6% in the third quarter. Commonwealth Equity Services LLC now owns 328,185 shares of the company’s stock valued at $6,347,000 after purchasing an additional 39,168 shares during the period. Geneos Wealth Management Inc. lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 202.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 324,397 shares of the company’s stock worth $6,160,000 after buying an additional 217,079 shares in the last quarter. Synergy Asset Management LLC boosted its position in First Trust Institutional Preferred Securities and Income ETF by 100.0% in the 3rd quarter. Synergy Asset Management LLC now owns 404,680 shares of the company’s stock valued at $7,685,000 after buying an additional 202,340 shares during the last quarter. CWM LLC grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 27.0% during the third quarter. CWM LLC now owns 239,103 shares of the company’s stock valued at $4,624,000 after acquiring an additional 50,767 shares in the last quarter. Finally, Trustmark Bank Trust Department grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 128.2% during the second quarter. Trustmark Bank Trust Department now owns 65,252 shares of the company’s stock valued at $1,239,000 after acquiring an additional 36,662 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA FPEI opened at $18.80 on Friday. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $17.81 and a fifty-two week high of $19.61. The business has a 50 day moving average price of $19.39 and a two-hundred day moving average price of $19.39.

First Trust Institutional Preferred Securities and Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were issued a dividend of $0.0855 per share. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend was Friday, February 20th.

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