First Trust Institutional Preferred Securities and Income ETF $FPEI Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC lowered its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 12.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,322 shares of the company’s stock after selling 1,950 shares during the period. Mutual Advisors LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $253,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Balanced Rock Investment Advisors LLC increased its holdings 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 grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 3.1% during the first quarter. Hobbs Group Advisors LLC now owns 27,148 shares of the company’s stock worth $508,000 after acquiring an additional 809 shares during the period. Silver Oak Securities Incorporated grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 2.7% during the first quarter. Silver Oak Securities Incorporated now owns 31,333 shares of the company’s stock worth $585,000 after acquiring an additional 818 shares during the period. United Capital Management of KS Inc. grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 1.5% during the first quarter. United Capital Management of KS Inc. now owns 63,541 shares of the company’s stock worth $1,188,000 after acquiring an additional 927 shares during the period. Finally, Kestra Private Wealth Services LLC grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 2.5% during the first quarter. Kestra Private Wealth Services LLC now owns 44,922 shares of the company’s stock worth $840,000 after acquiring an additional 1,115 shares during the period.

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

Shares of FPEI stock opened at $19.41 on Wednesday. The business’s fifty day moving average price is $19.30 and its 200 day moving average price is $18.92. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $17.81 and a 1-year high of $19.51.

First Trust Institutional Preferred Securities and Income ETF Dividend Announcement

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

First Trust Institutional Preferred Securities and Income ETF 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.