First Trust Institutional Preferred Securities and Income ETF $FPEI Position Trimmed by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 16.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,057,676 shares of the company’s stock after selling 405,665 shares during the period. Envestnet Asset Management Inc. owned 2.40% of First Trust Institutional Preferred Securities and Income ETF worth $39,075,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FPEI. Zions Bancorporation National Association UT bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 1st quarter valued at about $94,000. Greenwood Capital Associates LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF in the second quarter valued at approximately $202,000. DAVENPORT & Co LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF in the first quarter valued at approximately $205,000. Montis Financial LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the second quarter valued at approximately $208,000. Finally, WealthShield Partners LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the first quarter valued at approximately $217,000.

First Trust Institutional Preferred Securities and Income ETF Trading Down 0.2%

Shares of First Trust Institutional Preferred Securities and Income ETF stock opened at $19.43 on Friday. First Trust Institutional Preferred Securities and Income ETF has a twelve month low of $17.81 and a twelve month high of $19.51. The business’s 50 day simple moving average is $19.34 and its 200-day simple moving average is $19.00.

First Trust Institutional Preferred Securities and Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be issued a $0.0905 dividend. The ex-dividend date is Monday, November 3rd. This represents a c) dividend on an annualized basis and a yield of 5.6%.

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.