HighTower Advisors LLC Increases Stock Holdings in First Trust Institutional Preferred Securities and Income ETF $FPEI

HighTower Advisors LLC boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 68.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 232,941 shares of the company’s stock after purchasing an additional 94,670 shares during the period. HighTower Advisors LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $4,505,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Jane Street Group LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 1st quarter worth approximately $1,520,000. Ashton Thomas Private Wealth LLC increased its stake in First Trust Institutional Preferred Securities and Income ETF by 20.0% during the second quarter. Ashton Thomas Private Wealth LLC now owns 77,873 shares of the company’s stock worth $1,479,000 after acquiring an additional 12,983 shares during the last quarter. Brookwood Investment Group LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF during the second quarter worth $444,000. Integral Investment Advisors Inc. raised its position in First Trust Institutional Preferred Securities and Income ETF by 37.9% in the second quarter. Integral Investment Advisors Inc. now owns 587,075 shares of the company’s stock valued at $11,149,000 after purchasing an additional 161,461 shares during the period. Finally, Arkadios Wealth Advisors lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 2.5% in the 2nd quarter. Arkadios Wealth Advisors now owns 38,744 shares of the company’s stock valued at $736,000 after purchasing an additional 953 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Price Performance

Shares of NYSEARCA:FPEI opened at $19.53 on Wednesday. The business has a 50-day moving average price of $19.46 and a 200 day moving average price of $19.38. First Trust Institutional Preferred Securities and Income ETF has a 12-month low of $17.81 and a 12-month high of $19.61.

First Trust Institutional Preferred Securities and Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be given a dividend of $0.0855 per share. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%.

First Trust Institutional Preferred Securities and Income ETF Company 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.