First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Sees Large Volume Increase – Still a Buy?

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) saw an uptick in trading volume on Friday . 754,368 shares traded hands during mid-day trading, an increase of 102% from the previous session’s volume of 373,123 shares.The stock last traded at $18.57 and had previously closed at $18.51.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

The company’s 50-day moving average is $18.49 and its 200-day moving average is $18.67.

Institutional Trading of First Trust Institutional Preferred Securities and Income ETF

Institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC increased its stake in First Trust Institutional Preferred Securities and Income ETF by 151.5% during the fourth quarter. Global Retirement Partners LLC now owns 3,036 shares of the company’s stock worth $57,000 after acquiring an additional 1,829 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of First Trust Institutional Preferred Securities and Income ETF by 126.9% during the 1st quarter. Farther Finance Advisors LLC now owns 3,410 shares of the company’s stock worth $64,000 after purchasing an additional 1,907 shares during the last quarter. Continuum Advisory LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF in the 1st quarter valued at about $68,000. Dunhill Financial LLC lifted its position in First Trust Institutional Preferred Securities and Income ETF by 15.2% in the fourth quarter. Dunhill Financial LLC now owns 6,359 shares of the company’s stock valued at $119,000 after buying an additional 839 shares during the last quarter. Finally, Private Trust Co. NA lifted its position in First Trust Institutional Preferred Securities and Income ETF by 17.2% in the fourth quarter. Private Trust Co. NA now owns 9,293 shares of the company’s stock valued at $174,000 after buying an additional 1,364 shares during the last quarter.

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.