First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Get Free Report) shares reached a new 52-week low on Wednesday . The stock traded as low as $17.38 and last traded at $17.42, with a volume of 1563401 shares traded. The stock had previously closed at $17.42.
First Trust Preferred Securities and Income ETF Stock Up 0.5%
The stock’s 50 day moving average is $17.73 and its two-hundred day moving average is $17.90.
Institutional Trading of First Trust Preferred Securities and Income ETF
A number of institutional investors have recently made changes to their positions in FPE. Timbuktu Capital Management LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter valued at approximately $27,000. Ascentis Independent Advisors purchased a new position in First Trust Preferred Securities and Income ETF in the first quarter worth approximately $29,000. Allied Private Wealth LLC purchased a new position in First Trust Preferred Securities and Income ETF in the second quarter worth approximately $30,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in First Trust Preferred Securities and Income ETF in the fourth quarter worth approximately $45,000. Finally, Larson Financial Group LLC increased its stake in First Trust Preferred Securities and Income ETF by 91.5% during the fourth quarter. Larson Financial Group LLC now owns 2,873 shares of the company’s stock worth $52,000 after acquiring an additional 1,373 shares during the last quarter.
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.
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