First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Sets New 12-Month High at $18.01

First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $18.01 and last traded at $18.01, with a volume of 53817 shares changing hands. The stock had previously closed at $17.98.

First Trust Preferred Securities and Income ETF Stock Up 0.2 %

The stock’s 50 day moving average price is $17.69 and its two-hundred day moving average price is $17.43.

Institutional Trading of First Trust Preferred Securities and Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of FPE. Sanctuary Advisors LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF in the second quarter worth $5,267,000. Creekside Partners bought a new stake in shares of First Trust Preferred Securities and Income ETF in the second quarter valued at about $354,000. Advisory Alpha LLC grew its position in First Trust Preferred Securities and Income ETF by 150.3% during the second quarter. Advisory Alpha LLC now owns 552,002 shares of the company’s stock worth $9,583,000 after buying an additional 331,469 shares in the last quarter. Traction Financial Partners LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 10.0% in the 2nd quarter. Traction Financial Partners LLC now owns 278,441 shares of the company’s stock worth $4,928,000 after acquiring an additional 25,333 shares during the period. Finally, Elevation Capital Advisory LLC bought a new stake in shares of First Trust Preferred Securities and Income ETF during the second quarter valued at approximately $5,750,000.

First Trust Preferred Securities and Income ETF Company Profile

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.