Vestmark Advisory Solutions Inc. Increases Holdings in First Trust Institutional Preferred Securities and Income ETF $FPEI

Vestmark Advisory Solutions Inc. raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 87.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 67,214 shares of the company’s stock after buying an additional 31,389 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $1,276,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Zions Bancorporation National Association UT purchased a new stake in First Trust Institutional Preferred Securities and Income ETF during the first quarter worth approximately $94,000. Greenwood Capital Associates LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF during the second quarter worth approximately $202,000. Montis Financial LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 2nd quarter worth approximately $208,000. WealthShield Partners LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 1st quarter worth approximately $217,000. Finally, Balanced Rock Investment Advisors LLC boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 4.1% in the 1st quarter. Balanced Rock Investment Advisors LLC now owns 19,017 shares of the company’s stock valued at $356,000 after buying an additional 742 shares in the last quarter.

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

Shares of NYSEARCA:FPEI opened at $19.39 on Tuesday. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $17.81 and a 12 month high of $19.51. The company’s fifty day moving average price is $19.37 and its 200 day moving average price is $19.06.

First Trust Institutional Preferred Securities and Income ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be given a dividend of $0.0905 per share. The ex-dividend date is Monday, November 3rd. This represents a c) dividend on an annualized basis 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.