First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Get Free Report) shares saw strong trading volume on Friday . 1,341,009 shares traded hands during mid-day trading, a decline of 1% from the previous session’s volume of 1,348,698 shares.The stock last traded at $17.63 and had previously closed at $17.68.
First Trust Preferred Securities and Income ETF Trading Down 0.4 %
The firm’s 50-day moving average is $17.86 and its 200 day moving average is $17.82.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Ameliora Wealth Management Ltd. increased its stake in shares of First Trust Preferred Securities and Income ETF by 93.1% in the third quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock valued at $26,000 after buying an additional 690 shares during the period. Mattson Financial Services LLC bought a new position in First Trust Preferred Securities and Income ETF during the 2nd quarter worth approximately $46,000. ORG Partners LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 1,655.6% in the 4th quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock worth $47,000 after purchasing an additional 2,500 shares during the period. FSC Wealth Advisors LLC boosted its stake in shares of First Trust Preferred Securities and Income ETF by 75.9% in the 3rd quarter. FSC Wealth Advisors LLC now owns 3,820 shares of the company’s stock valued at $69,000 after purchasing an additional 1,648 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the second quarter worth $159,000.
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.
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