Winnow Wealth LLC Invests $828,000 in First Trust Institutional Preferred Securities and Income ETF $FPEI

Winnow Wealth LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 41,408 shares of the company’s stock, valued at approximately $828,000.

Several other large investors have also recently bought and sold shares of FPEI. Ritter Daniher Financial Advisory LLC DE acquired a new stake in First Trust Institutional Preferred Securities and Income ETF during the third quarter worth about $941,000. AE Wealth Management LLC grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 147.3% during the 3rd quarter. AE Wealth Management LLC now owns 2,728 shares of the company’s stock worth $53,000 after purchasing an additional 1,625 shares in the last quarter. American Institute for Advanced Investment Management LLP grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 11.5% during the 3rd quarter. American Institute for Advanced Investment Management LLP now owns 27,600 shares of the company’s stock worth $534,000 after purchasing an additional 2,850 shares in the last quarter. Truist Financial Corp increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 8.7% during the third quarter. Truist Financial Corp now owns 1,313,802 shares of the company’s stock valued at $25,409,000 after purchasing an additional 104,624 shares during the period. Finally, Castle Wealth Management LLC raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 70.0% in the third quarter. Castle Wealth Management LLC now owns 18,284 shares of the company’s stock valued at $354,000 after purchasing an additional 7,529 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of FPEI stock opened at $19.44 on Friday. The firm has a fifty day moving average of $19.41 and a 200-day moving average of $19.32. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.81 and a 52-week high of $19.53.

First Trust Institutional Preferred Securities and Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st were issued a dividend of $0.0913 per share. The ex-dividend date of this dividend was Wednesday, January 21st. This represents a c) annualized dividend and a dividend 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.