First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Reaches New 1-Year High at $17.94

Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) reached a new 52-week high on Tuesday . The company traded as high as $17.94 and last traded at $17.92, with a volume of 57035 shares. The stock had previously closed at $17.91.

First Trust Preferred Securities and Income ETF Stock Performance

The business has a 50-day moving average of $17.64 and a two-hundred day moving average of $17.39.

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

Institutional investors have recently added to or reduced their stakes in the company. Waterloo Capital L.P. bought a new position in First Trust Preferred Securities and Income ETF during the fourth quarter worth about $1,248,000. Chicago Partners Investment Group LLC lifted its stake in First Trust Preferred Securities and Income ETF by 8.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 334,467 shares of the company’s stock worth $5,679,000 after purchasing an additional 26,008 shares during the period. Beacon Financial Group bought a new position in First Trust Preferred Securities and Income ETF during the fourth quarter worth about $2,490,000. Cambridge Investment Research Advisors Inc. lifted its stake in First Trust Preferred Securities and Income ETF by 3.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,245,887 shares of the company’s stock worth $21,006,000 after purchasing an additional 36,186 shares during the period. Finally, Park Avenue Securities LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 1.4% in the first quarter. Park Avenue Securities LLC now owns 169,664 shares of the company’s stock valued at $2,939,000 after acquiring an additional 2,291 shares during the last quarter.

About First Trust Preferred Securities and Income ETF

The First Trust Preferred Securities and Income ETF (FPE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by investing globally in preferred equities and income producing debt across the market cap spectrum.