Sutton Place Investors LLC Has $1.31 Million Stock Holdings in First Trust Institutional Preferred Securities and Income ETF $FPEI

Sutton Place Investors LLC decreased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 43.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,789 shares of the company’s stock after selling 51,858 shares during the period. Sutton Place Investors LLC owned about 0.07% of First Trust Institutional Preferred Securities and Income ETF worth $1,311,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Greenwood Capital Associates LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 2nd quarter worth approximately $202,000. Montis Financial LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the second quarter valued at $208,000. Advance Capital Management Inc. raised its stake in First Trust Institutional Preferred Securities and Income ETF by 18.6% during the third quarter. Advance Capital Management Inc. now owns 13,234 shares of the company’s stock worth $256,000 after acquiring an additional 2,079 shares in the last quarter. Pinnacle Financial Group LLC IL raised its stake in First Trust Institutional Preferred Securities and Income ETF by 33.5% during the second quarter. Pinnacle Financial Group LLC IL now owns 13,891 shares of the company’s stock worth $264,000 after acquiring an additional 3,489 shares in the last quarter. Finally, Capital Advisors Wealth Management LLC lifted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 27.6% during the second quarter. Capital Advisors Wealth Management LLC now owns 14,760 shares of the company’s stock valued at $280,000 after acquiring an additional 3,196 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Stock Up 0.2%

FPEI opened at $19.51 on Thursday. The firm’s 50-day simple moving average is $19.39 and its 200-day simple moving average is $19.28. First Trust Institutional Preferred Securities and Income ETF has a twelve month low of $17.81 and a twelve month high of $19.53.

First Trust Institutional Preferred Securities and Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 21st were given a $0.0905 dividend. The ex-dividend date was Friday, November 21st. This represents a c) dividend on an annualized basis and a yield of 5.6%.

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.