Raymond James & Associates Grows Stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Raymond James & Associates grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 91.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 102,870 shares of the company’s stock after purchasing an additional 49,132 shares during the quarter. Raymond James & Associates owned approximately 1.22% of First Trust Institutional Preferred Securities and Income ETF worth $1,956,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Allied Advisory Services Inc. increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 240.2% in the 1st quarter. First Allied Advisory Services Inc. now owns 355,566 shares of the company’s stock worth $6,755,000 after acquiring an additional 251,038 shares in the last quarter. LPL Financial LLC grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 41.3% during the 4th quarter. LPL Financial LLC now owns 238,394 shares of the company’s stock valued at $4,348,000 after buying an additional 69,650 shares in the last quarter. Cetera Advisors LLC grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 20.6% during the 1st quarter. Cetera Advisors LLC now owns 21,804 shares of the company’s stock valued at $415,000 after buying an additional 3,728 shares in the last quarter. Private Advisor Group LLC grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 5.5% during the 4th quarter. Private Advisor Group LLC now owns 40,303 shares of the company’s stock valued at $735,000 after buying an additional 2,095 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 2.1% during the 4th quarter. Stifel Financial Corp now owns 28,566 shares of the company’s stock valued at $515,000 after buying an additional 599 shares in the last quarter.

NYSEARCA FPEI opened at $19.19 on Thursday. First Trust Institutional Preferred Securities and Income ETF has a one year low of $17.96 and a one year high of $19.98.

The company also recently announced a monthly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 22nd were given a dividend of $0.0876 per share. This is an increase from First Trust Institutional Preferred Securities and Income ETF’s previous monthly dividend of $0.08. This represents a $1.05 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date was Tuesday, May 21st.

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Institutional Ownership by Quarter for First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

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