Stratos Wealth Partners LTD. Sells 2,987 Shares of First Trust Institutional Preferred Securities and Income ETF $FPEI

Stratos Wealth Partners LTD. lowered its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 5.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,940 shares of the company’s stock after selling 2,987 shares during the period. Stratos Wealth Partners LTD. owned approximately 0.07% of First Trust Institutional Preferred Securities and Income ETF worth $1,062,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Continuum Advisory LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the first quarter worth $68,000. Zions Bancorporation National Association UT bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the first quarter worth $94,000. Greenwood Capital Associates LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the second quarter worth $202,000. DAVENPORT & Co LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the first quarter worth $205,000. Finally, Montis Financial LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the second quarter worth $208,000.

First Trust Institutional Preferred Securities and Income ETF Trading Down 0.5%

First Trust Institutional Preferred Securities and Income ETF stock opened at $19.41 on Wednesday. First Trust Institutional Preferred Securities and Income ETF has a 12-month low of $17.81 and a 12-month high of $19.51. The business’s 50-day moving average price is $19.30 and its two-hundred day moving average price is $18.92.

First Trust Institutional Preferred Securities and Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 3rd will be given a $0.0905 dividend. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Monday, November 3rd.

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.