First Trust Institutional Preferred Securities and Income ETF $FPEI Shares Bought by Collaborative Wealth Managment Inc.

Collaborative Wealth Managment Inc. raised its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 122.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,586 shares of the company’s stock after buying an additional 49,260 shares during the quarter. Collaborative Wealth Managment Inc. owned approximately 0.10% of First Trust Institutional Preferred Securities and Income ETF worth $1,733,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. AE Wealth Management LLC boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 147.3% in the 3rd quarter. AE Wealth Management LLC now owns 2,728 shares of the company’s stock valued at $53,000 after purchasing an additional 1,625 shares during the last quarter. Calton & Associates Inc. purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at approximately $204,000. Advance Capital Management Inc. raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 18.6% during the 3rd quarter. Advance Capital Management Inc. now owns 13,234 shares of the company’s stock valued at $256,000 after buying an additional 2,079 shares during the period. Pinnacle Financial Group LLC IL lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 33.5% in the second quarter. Pinnacle Financial Group LLC IL now owns 13,891 shares of the company’s stock valued at $264,000 after acquiring an additional 3,489 shares during the last quarter. Finally, Capital Advisors Wealth Management LLC grew its position in First Trust Institutional Preferred Securities and Income ETF by 27.6% in the second quarter. Capital Advisors Wealth Management LLC now owns 14,760 shares of the company’s stock worth $280,000 after acquiring an additional 3,196 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Price Performance

FPEI stock opened at $19.60 on Thursday. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.81 and a 52-week high of $19.61. The business has a fifty day moving average of $19.45 and a two-hundred day moving average of $19.37.

First Trust Institutional Preferred Securities and Income ETF Cuts Dividend

The business also recently disclosed 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) annualized dividend and a yield of 5.6%. The ex-dividend date 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.