Raymond James & Associates Purchases New Position in First Trust Institutional Preferred Securities and Income ETF (FPEI)

Raymond James & Associates purchased a new stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 53,738 shares of the company’s stock, valued at approximately $980,000.

Other institutional investors also recently modified their holdings of the company. LPL Financial LLC lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 41.3% in the 4th quarter. LPL Financial LLC now owns 238,394 shares of the company’s stock valued at $4,348,000 after buying an additional 69,650 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 117.4% during the 3rd quarter. Citadel Advisors LLC now owns 32,066 shares of the company’s stock worth $609,000 after buying an additional 17,315 shares during the last quarter. Capital Investment Advisory Services LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth approximately $673,000. Jane Street Group LLC acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth approximately $229,000. Finally, Private Advisor Group LLC increased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 5.5% during the 4th quarter. Private Advisor Group LLC now owns 40,303 shares of the company’s stock worth $735,000 after buying an additional 2,095 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF stock opened at $19.01 on Tuesday. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $17.96 and a fifty-two week high of $19.98.

The business also recently announced a monthly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 22nd were issued a $0.0881 dividend. This represents a $1.06 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend was Thursday, March 21st. This is an increase from First Trust Institutional Preferred Securities and Income ETF’s previous monthly dividend of $0.08.

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Institutional Ownership by Quarter for First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

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