Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $16.42 and last traded at $16.42, with a volume of 239 shares traded. The stock had previously closed at $17.84.
First Trust Preferred Securities and Income ETF Stock Down 8.0%
The company has a 50 day simple moving average of $18.16 and a 200-day simple moving average of $18.25.
Institutional Trading of First Trust Preferred Securities and Income ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Trust Co. of Vermont lifted its stake in shares of First Trust Preferred Securities and Income ETF by 85.1% during the 3rd quarter. Trust Co. of Vermont now owns 1,942 shares of the company’s stock worth $35,000 after buying an additional 893 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in First Trust Preferred Securities and Income ETF in the 4th quarter valued at about $39,000. Rossby Financial LCC raised its holdings in First Trust Preferred Securities and Income ETF by 469.7% in the 3rd quarter. Rossby Financial LCC now owns 2,347 shares of the company’s stock valued at $43,000 after acquiring an additional 1,935 shares during the period. Ameriflex Group Inc. lifted its position in First Trust Preferred Securities and Income ETF by 339.3% during the third quarter. Ameriflex Group Inc. now owns 2,372 shares of the company’s stock worth $43,000 after acquiring an additional 1,832 shares during the last quarter. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of First Trust Preferred Securities and Income ETF during the fourth quarter worth approximately $45,000.
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. FPE was launched on Feb 12, 2013 and is managed by First Trust.
Further Reading
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