First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Get Free Report) shares passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $17.21 and traded as high as $17.36. First Trust Preferred Securities and Income ETF shares last traded at $17.34, with a volume of 2,464,370 shares trading hands.
First Trust Preferred Securities and Income ETF Stock Performance
The business has a 50-day moving average price of $17.21 and a 200 day moving average price of $17.81.
Institutional Investors Weigh In On First Trust Preferred Securities and Income ETF
Several institutional investors have recently added to or reduced their stakes in the business. Timbuktu Capital Management LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF in the second quarter worth about $27,000. Ascentis Independent Advisors purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the 1st quarter valued at approximately $29,000. Allied Private Wealth LLC bought a new position in First Trust Preferred Securities and Income ETF in the 2nd quarter worth approximately $30,000. Versant Capital Management Inc bought a new position in First Trust Preferred Securities and Income ETF in the 3rd quarter worth approximately $45,000. Finally, SouthState Bank Corp bought a new position in First Trust Preferred Securities and Income ETF in the 1st quarter worth approximately $89,000.
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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