First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Sees Large Volume Increase

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) shares saw an uptick in trading volume on Friday . 393,327 shares traded hands during mid-day trading, an increase of 28% from the previous session’s volume of 307,993 shares.The stock last traded at $18.81 and had previously closed at $18.81.

First Trust Institutional Preferred Securities and Income ETF Price Performance

The business has a 50-day simple moving average of $18.57 and a 200-day simple moving average of $18.32.

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

Hedge funds have recently bought and sold shares of the stock. UBS Group AG raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 0.9% during the 4th quarter. UBS Group AG now owns 6,423,576 shares of the company’s stock worth $114,532,000 after acquiring an additional 59,700 shares in the last quarter. LPL Financial LLC raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 14.3% during the 2nd quarter. LPL Financial LLC now owns 2,835,054 shares of the company’s stock worth $52,080,000 after acquiring an additional 353,767 shares in the last quarter. Smith Chas P & Associates PA Cpas raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 0.7% during the 2nd quarter. Smith Chas P & Associates PA Cpas now owns 2,117,629 shares of the company’s stock worth $38,901,000 after acquiring an additional 13,776 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 8.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,388,483 shares of the company’s stock worth $25,506,000 after acquiring an additional 108,761 shares in the last quarter. Finally, Citizens Business Bank raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 0.7% during the 1st quarter. Citizens Business Bank now owns 979,784 shares of the company’s stock worth $17,852,000 after acquiring an additional 6,956 shares in the last quarter.

About First Trust Institutional Preferred Securities and Income ETF

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.