First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Sets New 52-Week High at $17.46

First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $17.46 and last traded at $17.45, with a volume of 95043 shares. The stock had previously closed at $17.40.

First Trust Preferred Securities and Income ETF Stock Up 0.5 %

The firm has a 50 day moving average of $17.30 and a 200-day moving average of $17.16.

Institutional Trading of First Trust Preferred Securities and Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bogart Wealth LLC bought a new stake in First Trust Preferred Securities and Income ETF during the 1st quarter valued at $36,000. Indiana Trust & Investment Management CO bought a new stake in First Trust Preferred Securities and Income ETF during the 1st quarter valued at $44,000. Creekmur Asset Management LLC bought a new stake in First Trust Preferred Securities and Income ETF during the 4th quarter valued at $116,000. Woodmont Investment Counsel LLC bought a new stake in First Trust Preferred Securities and Income ETF during the 1st quarter valued at $174,000. Finally, Hilltop Holdings Inc. boosted its position in First Trust Preferred Securities and Income ETF by 9.0% during the 4th quarter. Hilltop Holdings Inc. now owns 10,896 shares of the company’s stock valued at $184,000 after acquiring an additional 896 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.