Collaborative Wealth Managment Inc. Boosts Stock Holdings in First Trust Institutional Preferred Securities and Income ETF $FPEI

Collaborative Wealth Managment Inc. lifted its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 122.2% in the third quarter, HoldingsChannel reports. The firm owned 89,586 shares of the company’s stock after acquiring an additional 49,260 shares during the quarter. Collaborative Wealth Managment Inc.’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $1,733,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. AE Wealth Management LLC lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 147.3% in the third quarter. AE Wealth Management LLC now owns 2,728 shares of the company’s stock worth $53,000 after acquiring an additional 1,625 shares during the last quarter. Calton & Associates Inc. acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at $204,000. Advance Capital Management Inc. raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 18.6% in the 3rd quarter. Advance Capital Management Inc. now owns 13,234 shares of the company’s stock valued at $256,000 after purchasing an additional 2,079 shares in the last quarter. Pinnacle Financial Group LLC IL grew its stake in shares of 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 purchasing an additional 3,489 shares in the last quarter. Finally, Capital Advisors Wealth Management LLC grew its stake 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 worth $280,000 after purchasing an additional 3,196 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

First Trust Institutional Preferred Securities and Income ETF stock opened at $19.60 on Thursday. The stock’s fifty day moving average is $19.45 and its two-hundred day moving average is $19.37. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $17.81 and a 1-year high of $19.61.

First Trust Institutional Preferred Securities and Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were issued a $0.0913 dividend. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Wednesday, January 21st.

About First Trust Institutional Preferred Securities and Income ETF

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.