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

Essex LLC reduced its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 11.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 678,086 shares of the company’s stock after selling 85,532 shares during the period. First Trust Institutional Preferred Securities and Income ETF makes up 2.4% of Essex LLC’s investment portfolio, making the stock its 11th largest holding. Essex LLC owned about 0.74% of First Trust Institutional Preferred Securities and Income ETF worth $13,114,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Geneos Wealth Management Inc. raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 202.3% during the second quarter. Geneos Wealth Management Inc. now owns 324,397 shares of the company’s stock worth $6,160,000 after purchasing an additional 217,079 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in First Trust Institutional Preferred Securities and Income ETF by 16.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 98,297 shares of the company’s stock valued at $1,867,000 after buying an additional 13,997 shares during the period. Synergy Asset Management LLC raised its position in First Trust Institutional Preferred Securities and Income ETF by 100.0% during the 3rd quarter. Synergy Asset Management LLC now owns 404,680 shares of the company’s stock worth $7,685,000 after buying an additional 202,340 shares during the last quarter. Integral Investment Advisors Inc. lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 37.9% in the 2nd quarter. Integral Investment Advisors Inc. now owns 587,075 shares of the company’s stock worth $11,149,000 after acquiring an additional 161,461 shares during the period. Finally, Prospera Financial Services Inc lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 419.4% in the 2nd quarter. Prospera Financial Services Inc now owns 264,187 shares of the company’s stock worth $5,017,000 after acquiring an additional 213,327 shares during the period.

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

Shares of First Trust Institutional Preferred Securities and Income ETF stock opened at $19.47 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.81 and a 52-week high of $19.53. The company’s 50-day simple moving average is $19.39 and its 200-day simple moving average is $19.26.

First Trust Institutional Preferred Securities and Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 21st were paid a dividend of $0.0905 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Friday, November 21st.

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