First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Holdings Trimmed by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. reduced its position in First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) by 10.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 357,586 shares of the company’s stock after selling 41,844 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 4.26% of First Trust Institutional Preferred Securities and Income ETF worth $6,798,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. First Allied Advisory Services Inc. lifted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 240.2% during the 1st quarter. First Allied Advisory Services Inc. now owns 355,566 shares of the company’s stock valued at $6,755,000 after acquiring an additional 251,038 shares during the period. LPL Financial LLC grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 41.3% in the 4th quarter. LPL Financial LLC now owns 238,394 shares of the company’s stock worth $4,348,000 after acquiring an additional 69,650 shares in the last quarter. Raymond James & Associates bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter worth $980,000. Private Advisor Group LLC grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 5.5% in the 4th quarter. Private Advisor Group LLC now owns 40,303 shares of the company’s stock worth $735,000 after acquiring an additional 2,095 shares in the last quarter. Finally, Capital Investment Advisory Services LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 4th quarter worth $673,000.

Shares of NYSEARCA FPEI traded down $0.09 during trading on Friday, hitting $19.13. The stock had a trading volume of 17,534 shares, compared to its average volume of 58,447. First Trust Institutional Preferred Securities and Income ETF has a 12 month low of $17.96 and a 12 month high of $19.98.

The firm also recently announced a monthly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 22nd were given a dividend of $0.0876 per share. This represents a $1.05 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date of this dividend was Tuesday, May 21st. This is a positive change from First Trust Institutional Preferred Securities and Income ETF’s previous monthly dividend of $0.08.

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Institutional Ownership by Quarter for First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)

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