First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) announced a monthly dividend on Wednesday, November 21st, Wall Street Journal reports. Investors of record on Friday, November 23rd will be paid a dividend of 0.0859 per share on Friday, November 30th. This represents a $1.03 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date is Wednesday, November 21st.

Shares of NYSEARCA FPEI opened at $18.51 on Thursday. First Trust Institutional Preferred Securities and Income ETF has a 52 week low of $18.24 and a 52 week high of $20.25.

A hedge fund recently raised its stake in First Trust Institutional Preferred Securities and Income ETF stock. Morgan Stanley lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 393.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,124 shares of the company’s stock after acquiring an additional 27,212 shares during the period. Morgan Stanley owned 0.66% of First Trust Institutional Preferred Securities and Income ETF worth $648,000 as of its most recent SEC filing.

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Dividend History for First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

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