Ritter Daniher Financial Advisory LLC DE Makes New $941,000 Investment in First Trust Institutional Preferred Securities and Income ETF $FPEI

Ritter Daniher Financial Advisory LLC DE acquired a new stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 48,652 shares of the company’s stock, valued at approximately $941,000. Ritter Daniher Financial Advisory LLC DE owned about 0.05% of First Trust Institutional Preferred Securities and Income ETF at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. AE Wealth Management LLC increased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 147.3% in the 3rd quarter. AE Wealth Management LLC now owns 2,728 shares of the company’s stock valued at $53,000 after acquiring an additional 1,625 shares during the period. American Institute for Advanced Investment Management LLP grew its position in First Trust Institutional Preferred Securities and Income ETF by 11.5% during the 3rd quarter. American Institute for Advanced Investment Management LLP now owns 27,600 shares of the company’s stock worth $534,000 after purchasing an additional 2,850 shares during the last quarter. Truist Financial Corp increased its stake in First Trust Institutional Preferred Securities and Income ETF by 8.7% in the third quarter. Truist Financial Corp now owns 1,313,802 shares of the company’s stock valued at $25,409,000 after purchasing an additional 104,624 shares during the period. Castle Wealth Management LLC increased its stake in First Trust Institutional Preferred Securities and Income ETF by 70.0% in the third quarter. Castle Wealth Management LLC now owns 18,284 shares of the company’s stock valued at $354,000 after purchasing an additional 7,529 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 8.1% in the third quarter. Envestnet Portfolio Solutions Inc. now owns 49,982 shares of the company’s stock valued at $967,000 after buying an additional 3,750 shares during the last quarter.

First Trust Institutional Preferred Securities and Income ETF Price Performance

NYSEARCA FPEI opened at $19.46 on Friday. First Trust Institutional Preferred Securities and Income ETF has a 52-week low of $17.81 and a 52-week high of $19.53. The business’s 50-day moving average price is $19.41 and its 200 day moving average price is $19.31.

First Trust Institutional Preferred Securities and Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st will be paid a $0.0913 dividend. This represents a c) annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Wednesday, January 21st.

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. FPEI was launched on Aug 22, 2017 and is managed by First Trust.