RFG Advisory LLC Has $685,000 Stake in First Trust Institutional Preferred Securities and Income ETF $FPEI

RFG Advisory LLC lowered its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 77.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,427 shares of the company’s stock after selling 123,404 shares during the quarter. RFG Advisory LLC’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $685,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in FPEI. Commonwealth Equity Services LLC increased its position in First Trust Institutional Preferred Securities and Income ETF by 13.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 328,185 shares of the company’s stock valued at $6,347,000 after acquiring an additional 39,168 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 202.3% during the second quarter. Geneos Wealth Management Inc. now owns 324,397 shares of the company’s stock valued at $6,160,000 after purchasing an additional 217,079 shares during the last quarter. Synergy Asset Management LLC increased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 100.0% in the third quarter. Synergy Asset Management LLC now owns 404,680 shares of the company’s stock valued at $7,685,000 after purchasing an additional 202,340 shares in the last quarter. Integral Investment Advisors Inc. increased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 37.9% in the second quarter. Integral Investment Advisors Inc. now owns 587,075 shares of the company’s stock valued at $11,149,000 after purchasing an additional 161,461 shares in the last quarter. Finally, Prospera Financial Services Inc raised its position in First Trust Institutional Preferred Securities and Income ETF by 419.4% in the 2nd quarter. Prospera Financial Services Inc now owns 264,187 shares of the company’s stock worth $5,017,000 after purchasing an additional 213,327 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Price Performance

NYSEARCA:FPEI opened at $19.52 on Friday. The stock’s fifty day moving average price is $19.43 and its two-hundred day moving average price is $19.35. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.81 and a 52-week high of $19.53.

First Trust Institutional Preferred Securities and Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were given a dividend of $0.0913 per share. The ex-dividend date was Wednesday, January 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.