First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Sets New 12-Month High at $18.43

Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $18.43 and last traded at $18.41, with a volume of 22227 shares traded. The stock had previously closed at $18.40.

First Trust Institutional Preferred Securities and Income ETF Trading Down 0.1 %

The stock’s 50-day moving average price is $18.21 and its 200-day moving average price is $18.06.

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

Several large investors have recently added to or reduced their stakes in FPEI. Envestnet Portfolio Solutions Inc. purchased a new stake in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at about $198,000. Envestnet Asset Management Inc. increased its stake in First Trust Institutional Preferred Securities and Income ETF by 19.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 624,511 shares of the company’s stock valued at $10,542,000 after buying an additional 103,612 shares during the last quarter. LPL Financial LLC increased its stake in First Trust Institutional Preferred Securities and Income ETF by 15.3% in the 3rd quarter. LPL Financial LLC now owns 2,424,917 shares of the company’s stock valued at $40,933,000 after buying an additional 322,097 shares during the last quarter. Stifel Financial Corp increased its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 1.8% during the 3rd quarter. Stifel Financial Corp now owns 279,519 shares of the company’s stock worth $4,718,000 after purchasing an additional 5,070 shares during the last quarter. Finally, GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF during the 3rd quarter worth approximately $2,074,000.

First Trust Institutional Preferred Securities and Income ETF Company Profile

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.