First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Get Free Report) shares hit a new 52-week low on Monday . The stock traded as low as $16.87 and last traded at $16.88, with a volume of 1218497 shares changing hands. The stock had previously closed at $17.22.
First Trust Preferred Securities and Income ETF Price Performance
The business’s fifty day moving average is $17.69 and its two-hundred day moving average is $17.83.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of FPE. Perigon Wealth Management LLC purchased a new stake in First Trust Preferred Securities and Income ETF during the 4th quarter valued at $219,000. Atomi Financial Group Inc. bought a new stake in shares of First Trust Preferred Securities and Income ETF in the fourth quarter worth $232,000. JPMorgan Chase & Co. increased its position in First Trust Preferred Securities and Income ETF by 29.4% during the third quarter. JPMorgan Chase & Co. now owns 989,613 shares of the company’s stock valued at $17,912,000 after acquiring an additional 224,647 shares during the last quarter. Atria Wealth Solutions Inc. lifted its holdings in First Trust Preferred Securities and Income ETF by 14.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 186,672 shares of the company’s stock valued at $3,304,000 after acquiring an additional 23,067 shares during the period. Finally, Blue Trust Inc. purchased a new position in First Trust Preferred Securities and Income ETF in the fourth quarter worth about $209,000.
About First Trust Preferred Securities and Income ETF
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.
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