Ashton Thomas Private Wealth LLC Boosts Holdings in First Trust Institutional Preferred Securities and Income ETF $FPEI

Ashton Thomas Private Wealth LLC grew its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 20.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 77,873 shares of the company’s stock after purchasing an additional 12,983 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $1,479,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Balanced Rock Investment Advisors LLC boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 4.1% in the first quarter. Balanced Rock Investment Advisors LLC now owns 19,017 shares of the company’s stock valued at $356,000 after purchasing an additional 742 shares during the period. Hobbs Group Advisors LLC raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 3.1% in the first quarter. Hobbs Group Advisors LLC now owns 27,148 shares of the company’s stock valued at $508,000 after acquiring an additional 809 shares in the last quarter. Silver Oak Securities Incorporated raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 2.7% in the first quarter. Silver Oak Securities Incorporated now owns 31,333 shares of the company’s stock valued at $585,000 after acquiring an additional 818 shares in the last quarter. United Capital Management of KS Inc. raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 1.5% in the first quarter. United Capital Management of KS Inc. now owns 63,541 shares of the company’s stock valued at $1,188,000 after acquiring an additional 927 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 2.5% in the first quarter. Kestra Private Wealth Services LLC now owns 44,922 shares of the company’s stock valued at $840,000 after acquiring an additional 1,115 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Up 0.1%

Shares of NYSEARCA:FPEI opened at $19.49 on Wednesday. The firm’s 50 day moving average price is $19.32 and its 200 day moving average price is $18.97. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $17.81 and a fifty-two week high of $19.51.

First Trust Institutional Preferred Securities and Income ETF Dividend Announcement

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

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.