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

Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) saw unusually-strong trading volume on Friday . Approximately 1,341,009 shares changed hands during mid-day 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 Price Performance

The company’s 50-day simple moving average is $17.86 and its 200 day simple moving average is $17.82.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC lifted its position in First Trust Preferred Securities and Income ETF by 5.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,174 shares of the company’s stock worth $184,000 after acquiring an additional 559 shares during the last quarter. Aspen Wealth Strategies LLC lifted its position in shares of First Trust Preferred Securities and Income ETF by 1.2% during the 3rd quarter. Aspen Wealth Strategies LLC now owns 50,959 shares of the company’s stock worth $922,000 after purchasing an additional 593 shares during the last quarter. Ameliora Wealth Management Ltd. lifted its position in shares of First Trust Preferred Securities and Income ETF by 93.1% during the 3rd quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock worth $26,000 after purchasing an additional 690 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in First Trust Preferred Securities and Income ETF by 5.3% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,470 shares of the company’s stock valued at $298,000 after buying an additional 829 shares during the last quarter. Finally, D.A. Davidson & CO. increased its position in First Trust Preferred Securities and Income ETF by 0.5% in the 3rd quarter. D.A. Davidson & CO. now owns 232,971 shares of the company’s stock worth $4,217,000 after buying an additional 1,134 shares during the period.

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.