Stratos Wealth Partners LTD. Sells 2,987 Shares of First Trust Institutional Preferred Securities and Income ETF $FPEI

Stratos Wealth Partners LTD. lessened its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 5.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,940 shares of the company’s stock after selling 2,987 shares during the period. Stratos Wealth Partners LTD.’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $1,062,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Balanced Rock Investment Advisors LLC grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 4.1% during the first quarter. Balanced Rock Investment Advisors LLC now owns 19,017 shares of the company’s stock worth $356,000 after purchasing an additional 742 shares during the last quarter. Hobbs Group Advisors LLC grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 3.1% during the first quarter. Hobbs Group Advisors LLC now owns 27,148 shares of the company’s stock worth $508,000 after purchasing an additional 809 shares during the last quarter. Silver Oak Securities Incorporated grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 2.7% during the first quarter. Silver Oak Securities Incorporated now owns 31,333 shares of the company’s stock worth $585,000 after purchasing an additional 818 shares during the last quarter. United Capital Management of KS Inc. grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 1.5% during the first quarter. United Capital Management of KS Inc. now owns 63,541 shares of the company’s stock worth $1,188,000 after purchasing an additional 927 shares during the last quarter. Finally, Kestra Private Wealth Services LLC grew its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 2.5% during the first quarter. Kestra Private Wealth Services LLC now owns 44,922 shares of the company’s stock worth $840,000 after purchasing an additional 1,115 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

NYSEARCA:FPEI opened at $19.41 on Wednesday. The stock’s 50-day moving average is $19.30 and its 200-day moving average is $18.92. First Trust Institutional Preferred Securities and Income ETF has a 1-year low of $17.81 and a 1-year high of $19.51.

First Trust Institutional Preferred Securities and Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 3rd will be issued 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 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.