First Trust Institutional Preferred Securities and Income ETF $FPEI Stock Holdings Lifted by Montis Financial LLC

Montis Financial LLC raised its position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 14,194.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,568,581 shares of the company’s stock after purchasing an additional 1,557,608 shares during the quarter. First Trust Institutional Preferred Securities and Income ETF accounts for about 7.0% of Montis Financial LLC’s holdings, making the stock its 2nd biggest holding. Montis Financial LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $30,336,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of FPEI. Greenwood Capital Associates LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF in the second quarter worth $202,000. Advance Capital Management Inc. raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 18.6% in the 3rd quarter. Advance Capital Management Inc. now owns 13,234 shares of the company’s stock worth $256,000 after purchasing an additional 2,079 shares in the last quarter. Pinnacle Financial Group LLC IL lifted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 33.5% in the 2nd quarter. Pinnacle Financial Group LLC IL now owns 13,891 shares of the company’s stock worth $264,000 after purchasing an additional 3,489 shares during the period. Capital Advisors Wealth Management LLC boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 27.6% during 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. Finally, Wealth Management Associates Inc. purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the third quarter valued at about $300,000.

First Trust Institutional Preferred Securities and Income ETF Price Performance

FPEI stock opened at $19.47 on Friday. The firm has a 50-day moving average of $19.40 and a 200 day moving average of $19.28. 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 Dividend Announcement

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

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. FPEI was launched on Aug 22, 2017 and is managed by First Trust.