First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Hits New 12-Month High at $17.46

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

First Trust Preferred Securities and Income ETF Stock Performance

The company’s 50-day simple moving average is $17.29 and its 200-day simple moving average is $17.16.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of FPE. Bright Futures Wealth Management LLC. acquired a new position in shares of First Trust Preferred Securities and Income ETF in the 1st quarter valued at $1,762,000. Cetera Advisors LLC grew its position in First Trust Preferred Securities and Income ETF by 188.2% during the first quarter. Cetera Advisors LLC now owns 371,252 shares of the company’s stock valued at $6,430,000 after acquiring an additional 242,448 shares during the period. Cetera Investment Advisers increased its stake in First Trust Preferred Securities and Income ETF by 194.9% during the first quarter. Cetera Investment Advisers now owns 1,141,966 shares of the company’s stock worth $19,779,000 after acquiring an additional 754,718 shares during the last quarter. ARQ Wealth Advisors LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF in the 1st quarter worth about $1,202,000. Finally, LRI Investments LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF in the 1st quarter worth about $870,000.

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.