First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Get Free Report)’s stock price reached a new 52-week low on Friday. The stock traded as low as $18.30 and last traded at $18.3050, with a volume of 958,010 shares trading hands. The stock had previously closed at $18.37.
First Trust Institutional Preferred Securities and Income ETF Price Performance
The firm’s 50-day moving average is $18.77 and its 200-day moving average is $19.06.
Hedge Funds Weigh In On First Trust Institutional Preferred Securities and Income ETF
A number of hedge funds have recently bought and sold shares of FPEI. Smith Chas P & Associates PA Cpas bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at approximately $44,684,000. Magnus Financial Group LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at $909,000. Fifth Third Securities Inc. purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at $1,211,000. QP Wealth Management LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at $952,000. Finally, Integrated Advisors Network LLC bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth $233,000.
About First Trust Institutional Preferred Securities and Income ETF
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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