First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Get Free Report)’s stock price reached a new 52-week low during trading on Friday. The company traded as low as $18.30 and last traded at $18.3050, with a volume of 958,010 shares traded. The stock had previously closed at $18.37.
First Trust Institutional Preferred Securities and Income ETF Stock Performance
The business’s 50 day simple moving average is $18.75 and its two-hundred day simple moving average is $19.06.
Institutional Trading of First Trust Institutional Preferred Securities and Income ETF
Several large investors have recently modified their holdings of FPEI. Flynn Zito Capital Management LLC grew its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 52.2% during the 1st quarter. Flynn Zito Capital Management LLC now owns 170,481 shares of the company’s stock valued at $3,239,000 after purchasing an additional 58,438 shares during the period. Fifth Third Securities Inc. purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter valued at about $1,211,000. Geneos Wealth Management Inc. lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 43.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 487,681 shares of the company’s stock worth $9,266,000 after purchasing an additional 148,284 shares during the period. Winebrenner Capital Management LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter worth approximately $2,309,000. Finally, Annex Advisory Services LLC lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 11.8% in the 2nd quarter. Annex Advisory Services LLC now owns 1,146,209 shares of the company’s stock worth $22,110,000 after purchasing an additional 120,692 shares during the period.
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. FPEI was launched on Aug 22, 2017 and is managed by First Trust.
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