JPMorgan Chase & Co. Has $7.11 Million Stake in First Trust Institutional Preferred Securities and Income ETF $FPEI

JPMorgan Chase & Co. cut its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 13.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 367,788 shares of the company’s stock after selling 56,499 shares during the quarter. JPMorgan Chase & Co.’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $7,113,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Kestra Private Wealth Services LLC lifted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 1.1% in the third quarter. Kestra Private Wealth Services LLC now owns 53,221 shares of the company’s stock valued at $1,029,000 after purchasing an additional 557 shares in the last quarter. Capital Advisors Wealth Management LLC grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 3.9% during the third quarter. Capital Advisors Wealth Management LLC now owns 15,338 shares of the company’s stock worth $297,000 after buying an additional 578 shares in the last quarter. FWL Investment Management LLC raised its position in First Trust Institutional Preferred Securities and Income ETF by 0.9% in the 3rd quarter. FWL Investment Management LLC now owns 73,170 shares of the company’s stock valued at $1,415,000 after buying an additional 665 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 1.9% during the 3rd 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 in the last quarter. Finally, Wayfinding Financial LLC lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 0.5% during the 3rd quarter. Wayfinding Financial LLC now owns 158,332 shares of the company’s stock valued at $3,062,000 after acquiring an additional 860 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Up 0.4%

FPEI opened at $18.81 on Tuesday. 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 firm’s fifty day moving average price is $19.36 and its two-hundred day moving average price is $19.39.

First Trust Institutional Preferred Securities and Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were given a dividend of $0.0855 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend was Friday, February 20th.

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.