Integrity Alliance LLC. Sells 179,936 Shares of First Trust Institutional Preferred Securities and Income ETF $FPEI

Integrity Alliance LLC. decreased its holdings in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 63.8% in the second quarter, HoldingsChannel.com reports. The fund owned 102,135 shares of the company’s stock after selling 179,936 shares during the quarter. Integrity Alliance LLC.’s holdings in First Trust Institutional Preferred Securities and Income ETF were worth $1,940,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in FPEI. Zions Bancorporation National Association UT bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the first quarter worth about $94,000. Greenwood Capital Associates LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the second quarter worth about $202,000. DAVENPORT & Co LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the first quarter worth about $205,000. Montis Financial LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the second quarter worth about $208,000. Finally, WealthShield Partners LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the first quarter worth about $217,000.

First Trust Institutional Preferred Securities and Income ETF Trading Down 0.2%

NYSEARCA:FPEI opened at $19.43 on Friday. 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 business’s 50-day moving average is $19.34 and its 200 day moving average is $19.00.

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. Investors of record on Monday, November 3rd will be given a $0.0905 dividend. This represents a c) dividend on an annualized basis 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.