Marshall Investment Management LLC Sells 144,953 Shares of First Trust Institutional Preferred Securities and Income ETF $FPEI

Marshall Investment Management LLC lowered its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 92.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 12,570 shares of the company’s stock after selling 144,953 shares during the period. First Trust Institutional Preferred Securities and Income ETF comprises 1.1% of Marshall Investment Management LLC’s holdings, making the stock its 21st largest holding. Marshall Investment Management LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $239,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. US Bancorp DE raised its position in First Trust Institutional Preferred Securities and Income ETF by 34.8% during the 1st quarter. US Bancorp DE now owns 43,364 shares of the company’s stock worth $811,000 after purchasing an additional 11,206 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the first quarter valued at about $94,000. Vestmark Advisory Solutions Inc. boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 13.8% in the first quarter. Vestmark Advisory Solutions Inc. now owns 35,825 shares of the company’s stock valued at $670,000 after acquiring an additional 4,336 shares during the last quarter. United Capital Management of KS Inc. increased its position in First Trust Institutional Preferred Securities and Income ETF by 1.5% during the 1st quarter. United Capital Management of KS Inc. now owns 63,541 shares of the company’s stock valued at $1,188,000 after purchasing an additional 927 shares during the period. Finally, Hobbs Group Advisors LLC increased its position in First Trust Institutional Preferred Securities and Income ETF by 3.1% during the 1st quarter. Hobbs Group Advisors LLC now owns 27,148 shares of the company’s stock valued at $508,000 after purchasing an additional 809 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA FPEI opened at $19.42 on Tuesday. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.81 and a 52-week high of $19.53. The company’s 50 day moving average price is $19.39 and its 200-day moving average price is $19.17.

First Trust Institutional Preferred Securities and Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 21st were issued a dividend of $0.0905 per share. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Friday, November 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.