First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Get Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $19.41 and last traded at $19.39, with a volume of 218306 shares traded. The stock had previously closed at $19.39.
First Trust Institutional Preferred Securities and Income ETF Stock Performance
The company’s 50 day moving average is $19.13 and its 200 day moving average is $18.82.
Institutional Investors Weigh In On First Trust Institutional Preferred Securities and Income ETF
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its stake in 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 acquiring an additional 1,907 shares in the last quarter. Continuum Advisory LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF during the 1st quarter worth $68,000. Zions Bancorporation National Association UT acquired a new stake in First Trust Institutional Preferred Securities and Income ETF during the 1st quarter worth $94,000. Greenwood Capital Associates LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF during the 2nd quarter worth $202,000. Finally, DAVENPORT & Co LLC acquired a new stake in First Trust Institutional Preferred Securities and Income ETF during the 1st quarter worth $205,000.
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.
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