Envestnet Asset Management Inc. Has $39.08 Million Stake in First Trust Institutional Preferred Securities and Income ETF $FPEI

Envestnet Asset Management Inc. reduced its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 16.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,057,676 shares of the company’s stock after selling 405,665 shares during the quarter. Envestnet Asset Management Inc.’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $39,075,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FPEI. Zions Bancorporation National Association UT acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 1st quarter valued at $94,000. Greenwood Capital Associates LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 2nd quarter valued at about $202,000. DAVENPORT & Co LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the first quarter valued at about $205,000. Montis Financial LLC bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the second quarter valued at about $208,000. Finally, WealthShield Partners LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF in the first quarter worth about $217,000.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

Shares of FPEI opened at $19.43 on Friday. The company has a 50-day moving average price of $19.34 and a two-hundred day moving average price of $19.00. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $17.81 and a 12 month high of $19.51.

First Trust Institutional Preferred Securities and Income ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 3rd will be given a dividend of $0.0905 per share. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Monday, November 3rd.

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.