First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Sets New 52-Week High at $18.46

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $18.46 and last traded at $18.43, with a volume of 17016 shares. The stock had previously closed at $18.42.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

The firm has a 50 day simple moving average of $18.29 and a 200-day simple moving average of $18.10.

Institutional Trading of First Trust Institutional Preferred Securities and Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FPEI. PNC Financial Services Group Inc. acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the fourth quarter worth about $45,000. Silver Oak Securities Incorporated bought a new position in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth about $185,000. Csenge Advisory Group boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 8.6% during the first quarter. Csenge Advisory Group now owns 10,938 shares of the company’s stock worth $199,000 after buying an additional 866 shares during the last quarter. ARS Wealth Advisors Group LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth about $253,000. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 29.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 15,158 shares of the company’s stock worth $270,000 after buying an additional 3,456 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.