Ritter Daniher Financial Advisory LLC DE Acquires Shares of 48,652 First Trust Institutional Preferred Securities and Income ETF $FPEI

Ritter Daniher Financial Advisory LLC DE acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 48,652 shares of the company’s stock, valued at approximately $941,000.

Several other hedge funds also recently made changes to their positions in FPEI. Capital Advisors Wealth Management LLC increased its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 3.9% during the third quarter. Capital Advisors Wealth Management LLC now owns 15,338 shares of the company’s stock worth $297,000 after acquiring an additional 578 shares during the period. Rockefeller Capital Management L.P. lifted its position in First Trust Institutional Preferred Securities and Income ETF by 0.3% in the second quarter. Rockefeller Capital Management L.P. now owns 182,918 shares of the company’s stock valued at $3,474,000 after purchasing an additional 628 shares during the period. Arkadios Wealth Advisors boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 2.5% in the 2nd quarter. Arkadios Wealth Advisors now owns 38,744 shares of the company’s stock valued at $736,000 after purchasing an additional 953 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in First Trust Institutional Preferred Securities and Income ETF by 5.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 22,611 shares of the company’s stock worth $437,000 after purchasing an additional 1,187 shares during the period. Finally, Viawealth LLC increased its position in First Trust Institutional Preferred Securities and Income ETF by 8.1% during the 2nd quarter. Viawealth LLC now owns 16,434 shares of the company’s stock worth $312,000 after purchasing an additional 1,230 shares during the period.

First Trust Institutional Preferred Securities and Income ETF Price Performance

FPEI opened at $19.46 on Friday. The business has a 50 day simple moving average of $19.41 and a 200-day simple moving average of $19.31. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $17.81 and a 12 month high of $19.53.

First Trust Institutional Preferred Securities and Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st will be issued a $0.0913 dividend. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a c) dividend on an annualized basis and a 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. FPEI was launched on Aug 22, 2017 and is managed by First Trust.