First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Sets New 12-Month Low – Here’s What Happened

by · The Markets Daily

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI – Get Free Report) shares reached a new 52-week low on Friday. The company traded as low as $18.30 and last traded at $18.3050, with a volume of 958,010 shares trading hands. The stock had previously closed at $18.37.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

The stock’s 50-day moving average price is $18.77 and its two-hundred day moving average price is $19.06.

Hedge Funds Weigh In On First Trust Institutional Preferred Securities and Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF in the third quarter worth $126,000. Valmark Advisers Inc. purchased a new stake in First Trust Institutional Preferred Securities and Income ETF during the first quarter valued at about $192,000. Independent Financial Group LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF during the first quarter valued at about $199,000. Accel Wealth Management bought a new position in First Trust Institutional Preferred Securities and Income ETF during the third quarter worth about $209,000. Finally, Integrated Advisors Network LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF during the third quarter worth about $233,000.

About First Trust Institutional Preferred Securities and Income ETF

(Get Free Report)

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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