First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Sees Large Volume Increase – Here’s Why

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) saw unusually-high trading volume on Tuesday. 961,959 shares changed hands during trading, an increase of 131% from the previous session’s volume of 417,327 shares. The stock last traded at $18.4950 and had previously closed at $18.42.

First Trust Institutional Preferred Securities and Income ETF Stock Up 0.5%

The business has a 50 day moving average price of $18.93 and a 200 day moving average price of $19.11.

Institutional Trading of First Trust Institutional Preferred Securities and Income ETF

Several institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in shares of First Trust Institutional Preferred Securities and Income ETF by 29.3% during the first quarter. Bank of America Corp DE now owns 6,017,351 shares of the company’s stock valued at $114,330,000 after buying an additional 1,364,824 shares during the last quarter. Royal Bank of Canada lifted its position in First Trust Institutional Preferred Securities and Income ETF by 7.0% during the first quarter. Royal Bank of Canada now owns 5,375,215 shares of the company’s stock valued at $102,128,000 after purchasing an additional 351,265 shares during the last quarter. Montis Financial LLC increased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 10.6% in the 4th quarter. Montis Financial LLC now owns 1,735,426 shares of the company’s stock worth $33,650,000 after buying an additional 166,845 shares during the last quarter. Annex Advisory Services LLC raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 11.8% during the 2nd quarter. Annex Advisory Services LLC now owns 1,146,209 shares of the company’s stock valued at $22,110,000 after buying an additional 120,692 shares in the last quarter. Finally, Citizens Financial Group Inc. RI raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 2.8% in the first quarter. Citizens Financial Group Inc. RI now owns 996,035 shares of the company’s stock worth $18,925,000 after buying an additional 27,511 shares during the period.

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.