First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Hits New 12-Month Low – Should You Sell?

First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) shares reached a new 52-week low on Wednesday . The stock traded as low as $16.94 and last traded at $17.75, with a volume of 1403 shares changing hands. The stock had previously closed at $17.73.

First Trust Preferred Securities and Income ETF Trading Up 0.2 %

The stock’s 50-day moving average is $17.79 and its two-hundred day moving average is $17.85.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Csenge Advisory Group lifted its position in shares of First Trust Preferred Securities and Income ETF by 6.7% in the fourth quarter. Csenge Advisory Group now owns 590,066 shares of the company’s stock valued at $10,444,000 after acquiring an additional 37,050 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 740.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 95,124 shares of the company’s stock worth $1,684,000 after purchasing an additional 83,800 shares in the last quarter. Principal Securities Inc. raised its position in shares of First Trust Preferred Securities and Income ETF by 38.7% during the fourth quarter. Principal Securities Inc. now owns 110,639 shares of the company’s stock valued at $1,958,000 after buying an additional 30,877 shares during the last quarter. Puff Wealth Management LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF in the fourth quarter worth $1,077,000. Finally, Newman Dignan & Sheerar Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 2.9% in the fourth quarter. Newman Dignan & Sheerar Inc. now owns 336,698 shares of the company’s stock worth $5,960,000 after buying an additional 9,600 shares in the last quarter.

First Trust Preferred Securities and Income ETF Company Profile

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.