First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Get Free Report) shares saw strong trading volume on Thursday . 2,065,626 shares changed hands during mid-day trading, an increase of 428% from the previous session’s volume of 391,406 shares.The stock last traded at $19.06 and had previously closed at $19.09.
First Trust Institutional Preferred Securities and Income ETF Stock Performance
The business’s 50 day simple moving average is $19.18 and its 200 day simple moving average is $19.23.
Hedge Funds Weigh In On First Trust Institutional Preferred Securities and Income ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC acquired a new position in First Trust Institutional Preferred Securities and Income ETF in the fourth quarter worth $29,000. Arax Advisory Partners bought a new position in First Trust Institutional Preferred Securities and Income ETF in the fourth quarter valued at approximately $36,000. Colonial Trust Co SC grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 137.5% during the fourth quarter. Colonial Trust Co SC now owns 1,900 shares of the company’s stock worth $37,000 after purchasing an additional 1,100 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF during the 4th quarter worth $84,000. Finally, Greykasell Wealth Strategies Inc. acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the fourth quarter valued at approximately $88,000.
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.
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