First Trust Advisors LP cut its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 172,994 shares of the company’s stock after selling 626 shares during the quarter. First Trust Advisors LP’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $3,155,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bogart Wealth LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at approximately $77,000. Jane Street Group LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at approximately $229,000. Intl Fcstone Inc. lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 19.2% in the 4th quarter. Intl Fcstone Inc. now owns 17,403 shares of the company’s stock valued at $317,000 after acquiring an additional 2,804 shares in the last quarter. Citadel Advisors LLC lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 117.4% in the 3rd quarter. Citadel Advisors LLC now owns 32,066 shares of the company’s stock valued at $609,000 after acquiring an additional 17,315 shares in the last quarter. Finally, Capital Investment Advisory Services LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the 4th quarter valued at approximately $673,000.

NYSEARCA FPEI opened at $18.93 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $17.96 and a 52 week high of $19.98.

The company also recently announced a monthly dividend, which was paid on Thursday, February 28th. Shareholders of record on Friday, February 22nd were paid a $0.0821 dividend. This is a boost from First Trust Institutional Preferred Securities and Income ETF’s previous monthly dividend of $0.08. The ex-dividend date was Thursday, February 21st. This represents a $0.99 annualized dividend and a yield of 5.20%.

COPYRIGHT VIOLATION WARNING: This article was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this article on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark laws. The original version of this article can be accessed at https://theolympiareport.com/2019/03/15/first-trust-institutional-preferred-securities-and-income-etf-fpei-shares-sold-by-first-trust-advisors-lp.html.

See Also: What is the Coverage Ratio?

Want to see what other hedge funds are holding FPEI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI).

Institutional Ownership by Quarter for First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

Receive News & Ratings for First Trust Institutional Preferred Securities and Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Institutional Preferred Securities and Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.