First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Sets New 52-Week Low – What’s Next?

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

First Trust Preferred Securities and Income ETF Stock Up 0.2 %

The firm has a fifty day simple moving average of $17.79 and a 200-day simple moving average of $17.85.

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

A number of institutional investors and hedge funds have recently bought and sold shares of FPE. International Assets Investment Management LLC increased its stake in shares of First Trust Preferred Securities and Income ETF by 1,642.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,544,370 shares of the company’s stock worth $279,530,000 after purchasing an additional 1,455,731 shares during the last quarter. Falcon Wealth Planning bought a new position in First Trust Preferred Securities and Income ETF in the 4th quarter worth about $19,169,000. LPL Financial LLC increased its stake in First Trust Preferred Securities and Income ETF by 9.5% in the third quarter. LPL Financial LLC now owns 11,876,712 shares of the company’s stock valued at $214,968,000 after acquiring an additional 1,035,105 shares during the last quarter. Barclays PLC bought a new stake in shares of First Trust Preferred Securities and Income ETF in the 3rd quarter worth approximately $12,838,000. Finally, Advisory Alpha LLC purchased a new stake in First Trust Preferred Securities and Income ETF during the 4th quarter valued at about $11,641,000.

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.