TBH Global Asset Management LLC Purchases Shares of 29,521 First Trust Institutional Preferred Securities and Income ETF $FPEI

TBH Global Asset Management LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 29,521 shares of the company’s stock, valued at approximately $571,000.

Several other large investors also recently modified their holdings of FPEI. Greenwood Capital Associates LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 2nd quarter worth about $202,000. Montis Financial LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF in the second quarter valued at about $208,000. Advance Capital Management Inc. raised its stake in First Trust Institutional Preferred Securities and Income ETF by 18.6% during the third quarter. Advance Capital Management Inc. now owns 13,234 shares of the company’s stock worth $256,000 after acquiring an additional 2,079 shares in the last quarter. Pinnacle Financial Group LLC IL lifted its holdings in shares of 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 worth $264,000 after acquiring an additional 3,489 shares during the last quarter. Finally, Capital Advisors Wealth Management LLC boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 27.6% in the 2nd quarter. Capital Advisors Wealth Management LLC now owns 14,760 shares of the company’s stock valued at $280,000 after purchasing an additional 3,196 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Down 0.1%

Shares of First Trust Institutional Preferred Securities and Income ETF stock opened at $19.39 on Wednesday. The firm’s 50 day moving average is $19.39 and its 200 day moving average is $19.24. First Trust Institutional Preferred Securities and Income ETF has a 1 year low of $17.81 and a 1 year high of $19.53.

First Trust Institutional Preferred Securities and Income ETF Announces Dividend

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

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.