First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Get Free Report) shares passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $18.62 and traded as high as $18.71. First Trust Institutional Preferred Securities and Income ETF shares last traded at $18.67, with a volume of 470,772 shares traded.
First Trust Institutional Preferred Securities and Income ETF Price Performance
The firm has a 50 day moving average of $18.62 and a two-hundred day moving average of $19.09.
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. Sigma Planning Corp grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 3.8% in the 1st quarter. Sigma Planning Corp now owns 67,531 shares of the company’s stock worth $1,283,000 after buying an additional 2,441 shares in the last quarter. LFA Lugano Financial Advisors SA increased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 18.3% in the 1st quarter. LFA Lugano Financial Advisors SA now owns 28,400 shares of the company’s stock worth $537,000 after buying an additional 4,400 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 15.5% in the 1st quarter. Sanctuary Advisors LLC now owns 39,221 shares of the company’s stock worth $745,000 after buying an additional 5,253 shares during the last quarter. Assetmark Inc. raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 14.3% during the 1st quarter. Assetmark Inc. now owns 43,253 shares of the company’s stock valued at $822,000 after buying an additional 5,397 shares in the last quarter. Finally, Farther Finance Advisors LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at about $126,000.
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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