First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Sees Strong Trading Volume – What’s Next?

Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) saw an uptick in trading volume on Friday . 1,341,009 shares were traded during 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 Stock Down 0.4 %

The firm’s fifty day moving average is $17.86 and its 200 day moving average is $17.82.

Institutional Investors Weigh In On First Trust Preferred Securities and Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its position in shares of First Trust Preferred Securities and Income ETF by 8.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 605,588 shares of the company’s stock valued at $10,961,000 after purchasing an additional 45,783 shares during the period. ORG Partners LLC boosted its stake in 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 valued at $47,000 after buying an additional 2,500 shares in the last quarter. Private Client Services LLC raised its stake in First Trust Preferred Securities and Income ETF by 2.7% during the fourth quarter. Private Client Services LLC now owns 180,764 shares of the company’s stock worth $3,200,000 after acquiring an additional 4,719 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of First Trust Preferred Securities and Income ETF by 29.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 989,613 shares of the company’s stock valued at $17,912,000 after purchasing an additional 224,647 shares in the last quarter. Finally, Synovus Financial Corp increased its holdings in shares of First Trust Preferred Securities and Income ETF by 9.1% during the third quarter. Synovus Financial Corp now owns 86,405 shares of the company’s stock worth $1,564,000 after buying an additional 7,218 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.