First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Get Free Report) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $17.38 and last traded at $17.4050, with a volume of 739867 shares trading hands. The stock had previously closed at $17.52.
First Trust Preferred Securities and Income ETF Price Performance
The company has a 50-day simple moving average of $17.71 and a two-hundred day simple moving average of $17.89.
Hedge Funds Weigh In On First Trust Preferred Securities and Income ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the business. IFP Advisors Inc raised its holdings in First Trust Preferred Securities and Income ETF by 15.8% in the second quarter. IFP Advisors Inc now owns 135,670 shares of the company’s stock worth $2,426,000 after buying an additional 18,502 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 3.4% in the second quarter. Baird Financial Group Inc. now owns 2,028,641 shares of the company’s stock worth $36,272,000 after buying an additional 66,507 shares during the last quarter. Waverly Advisors LLC grew its position in shares of First Trust Preferred Securities and Income ETF by 4.7% during the 2nd quarter. Waverly Advisors LLC now owns 842,725 shares of the company’s stock valued at $15,068,000 after acquiring an additional 37,842 shares during the period. Kingsbury Capital Investment Advisors LLC raised its stake in First Trust Preferred Securities and Income ETF by 3.5% during the 2nd quarter. Kingsbury Capital Investment Advisors LLC now owns 106,305 shares of the company’s stock worth $1,901,000 after acquiring an additional 3,624 shares during the period. Finally, Tanager Wealth Management LLP increased its stake in First Trust Preferred Securities and Income ETF by 1.9% in the 2nd quarter. Tanager Wealth Management LLP now owns 49,731 shares of the company’s stock worth $889,000 after buying an additional 927 shares in the last quarter.
First Trust Preferred Securities and Income ETF Company Profile
The First Trust Preferred Securities and Income ETF (FPE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by investing globally in preferred equities and income producing debt across the market cap spectrum. FPE was launched on Feb 12, 2013 and is managed by First Trust.
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