Brand Asset Management Group Inc. Takes $521,000 Position in First Trust Institutional Preferred Securities and Income ETF $FPEI

Brand Asset Management Group Inc. bought a new stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) in the third quarter, Holdings Channel reports. The institutional investor bought 26,958 shares of the company’s stock, valued at approximately $521,000.

A number of other institutional investors have also recently bought and sold shares of the business. Capital Advisors Wealth Management LLC increased its holdings in First Trust Institutional Preferred Securities and Income ETF by 3.9% in the 3rd quarter. Capital Advisors Wealth Management LLC now owns 15,338 shares of the company’s stock valued at $297,000 after buying an additional 578 shares during the period. Rockefeller Capital Management L.P. boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 0.3% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 182,918 shares of the company’s stock valued at $3,474,000 after acquiring an additional 628 shares in the last quarter. Wealthcare Advisory Partners LLC increased its stake in First Trust Institutional Preferred Securities and Income ETF by 1.9% in the third quarter. Wealthcare Advisory Partners LLC now owns 40,762 shares of the company’s stock valued at $788,000 after acquiring an additional 742 shares during the period. Arkadios Wealth Advisors raised its position in First Trust Institutional Preferred Securities and Income ETF by 2.5% in the second quarter. Arkadios Wealth Advisors now owns 38,744 shares of the company’s stock worth $736,000 after purchasing an additional 953 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in First Trust Institutional Preferred Securities and Income ETF by 5.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 22,611 shares of the company’s stock worth $437,000 after purchasing an additional 1,187 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Down 0.3%

NYSEARCA FPEI opened at $19.48 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $17.81 and a 1-year high of $19.61. The stock’s 50 day moving average is $19.47 and its two-hundred day moving average is $19.39.

First Trust Institutional Preferred Securities and Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were paid a $0.0855 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) annualized dividend and a yield of 5.3%.

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.