First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Get Free Report)’s share price hit a new 52-week low on Thursday . The company traded as low as $17.48 and last traded at $17.4850, with a volume of 55567 shares traded. The stock had previously closed at $17.56.
First Trust Preferred Securities and Income ETF Price Performance
The company has a 50-day moving average price of $17.77 and a two-hundred day moving average price of $17.93.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in FPE. Jane Street Group LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 53.0% in the first quarter. Jane Street Group LLC now owns 262,995 shares of the company’s stock valued at $4,626,000 after acquiring an additional 91,118 shares in the last quarter. First Trust Advisors LP lifted its holdings in First Trust Preferred Securities and Income ETF by 0.9% during the second quarter. First Trust Advisors LP now owns 163,544 shares of the company’s stock worth $2,911,000 after acquiring an additional 1,496 shares during the period. Qube Research & Technologies Ltd bought a new stake in First Trust Preferred Securities and Income ETF during the second quarter worth $249,000. NewEdge Advisors LLC boosted its position in First Trust Preferred Securities and Income ETF by 2.5% in the second quarter. NewEdge Advisors LLC now owns 371,865 shares of the company’s stock worth $6,619,000 after purchasing an additional 9,236 shares during the last quarter. Finally, Quantinno Capital Management LP purchased a new position in First Trust Preferred Securities and Income ETF in the second quarter worth $263,000.
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. FPE was launched on Feb 12, 2013 and is managed by First Trust.
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