First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Hits New 52-Week High at $17.45

First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) hit a new 52-week high on Wednesday . The company traded as high as $17.45 and last traded at $17.42, with a volume of 186389 shares. The stock had previously closed at $17.44.

First Trust Preferred Securities and Income ETF Stock Up 0.2 %

The business’s fifty day simple moving average is $17.27 and its 200 day simple moving average is $17.14.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Brookstone Capital Management raised its position in First Trust Preferred Securities and Income ETF by 172.9% in the fourth quarter. Brookstone Capital Management now owns 87,088 shares of the company’s stock worth $1,468,000 after acquiring an additional 55,171 shares during the period. Eldridge Investment Advisors Inc. grew its stake in First Trust Preferred Securities and Income ETF by 28.6% during the fourth quarter. Eldridge Investment Advisors Inc. now owns 506,055 shares of the company’s stock valued at $8,532,000 after acquiring an additional 112,546 shares in the last quarter. Waterloo Capital L.P. purchased a new position in First Trust Preferred Securities and Income ETF during the fourth quarter valued at approximately $1,248,000. Summit Financial Wealth Advisors LLC grew its stake in First Trust Preferred Securities and Income ETF by 42.3% during the fourth quarter. Summit Financial Wealth Advisors LLC now owns 27,781 shares of the company’s stock valued at $468,000 after acquiring an additional 8,259 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its stake in First Trust Preferred Securities and Income ETF by 8.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 334,467 shares of the company’s stock valued at $5,679,000 after acquiring an additional 26,008 shares in 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.