FUKOKU MUTUAL LIFE INSURANCE Co Grows Stake in First Trust Institutional Preferred Securities and Income ETF $FPEI

FUKOKU MUTUAL LIFE INSURANCE Co lifted its stake in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 103.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,259,000 shares of the company’s stock after buying an additional 639,000 shares during the period. First Trust Institutional Preferred Securities and Income ETF makes up 1.5% of FUKOKU MUTUAL LIFE INSURANCE Co’s portfolio, making the stock its 26th biggest position. FUKOKU MUTUAL LIFE INSURANCE Co owned 1.37% of First Trust Institutional Preferred Securities and Income ETF worth $24,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. AE Wealth Management LLC increased its position 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 worth $53,000 after purchasing an additional 1,625 shares during the last quarter. Calton & Associates Inc. acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at $204,000. Advance Capital Management Inc. grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 18.6% during the third quarter. Advance Capital Management Inc. now owns 13,234 shares of the company’s stock worth $256,000 after acquiring an additional 2,079 shares during the period. Pinnacle Financial Group LLC IL grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 33.5% in the 2nd quarter. Pinnacle Financial Group LLC IL now owns 13,891 shares of the company’s stock worth $264,000 after purchasing an additional 3,489 shares during the last quarter. Finally, Capital Advisors Wealth Management LLC increased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 27.6% in the second quarter. Capital Advisors Wealth Management LLC now owns 14,760 shares of the company’s stock valued at $280,000 after buying an additional 3,196 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Price Performance

First Trust Institutional Preferred Securities and Income ETF stock opened at $19.53 on Friday. First Trust Institutional Preferred Securities and Income ETF has a fifty-two week low of $17.81 and a fifty-two week high of $19.61. The firm’s 50 day simple moving average is $19.47 and its 200-day simple moving average is $19.38.

First Trust Institutional Preferred Securities and Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.0855 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%.

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.