First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Sees Strong Trading Volume

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) saw an uptick in trading volume on Friday . 400,484 shares changed hands during trading, an increase of 31% from the previous session’s volume of 305,485 shares.The stock last traded at $18.24 and had previously closed at $18.19.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

The business’s 50-day simple moving average is $18.15 and its two-hundred day simple moving average is $17.86.

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

Several hedge funds have recently bought and sold shares of FPEI. PNC Financial Services Group Inc. purchased a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the fourth quarter valued at approximately $45,000. Silver Oak Securities Incorporated acquired a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the fourth quarter valued at $185,000. NBC Securities Inc. purchased a new position in First Trust Institutional Preferred Securities and Income ETF in the third quarter valued at $176,000. Csenge Advisory Group grew its stake in First Trust Institutional Preferred Securities and Income ETF by 8.6% during the 1st quarter. Csenge Advisory Group now owns 10,938 shares of the company’s stock worth $199,000 after purchasing an additional 866 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at about $198,000.

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.