First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Sets New 12-Month High at $18.79

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $18.79 and last traded at $18.76, with a volume of 1766891 shares. The stock had previously closed at $18.76.

First Trust Institutional Preferred Securities and Income ETF Stock Up 0.1 %

The firm’s 50 day moving average price is $18.54 and its 200-day moving average price is $18.31.

Institutional Investors Weigh In On First Trust Institutional Preferred Securities and Income ETF

Several institutional investors have recently modified their holdings of FPEI. PNC Financial Services Group Inc. bought a new stake in First Trust Institutional Preferred Securities and Income ETF in the 4th quarter worth approximately $45,000. Zions Bancorporation N.A. bought a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the second quarter worth $92,000. International Assets Investment Management LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF during the second quarter valued at $157,000. Wedmont Private Capital bought a new position in First Trust Institutional Preferred Securities and Income ETF in the second quarter valued at about $186,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in First Trust Institutional Preferred Securities and Income ETF by 82.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,645 shares of the company’s stock worth $196,000 after purchasing an additional 4,824 shares during the last quarter.

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.