First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Sets New 12-Month High at $18.58

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)’s share price hit a new 52-week high on Wednesday . The company traded as high as $18.58 and last traded at $18.57, with a volume of 88405 shares changing hands. The stock had previously closed at $18.57.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

The stock has a 50 day simple moving average of $18.35 and a 200 day simple moving average of $18.14.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. UBS Group AG raised its stake in First Trust Institutional Preferred Securities and Income ETF by 0.9% during the fourth quarter. UBS Group AG now owns 6,423,576 shares of the company’s stock valued at $114,532,000 after buying an additional 59,700 shares in the last quarter. Smith Chas P & Associates PA Cpas raised its stake in First Trust Institutional Preferred Securities and Income ETF by 3.7% during the first quarter. Smith Chas P & Associates PA Cpas now owns 2,103,853 shares of the company’s stock valued at $38,332,000 after buying an additional 74,147 shares in the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. raised its stake in First Trust Institutional Preferred Securities and Income ETF by 1,551.9% during the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 2,029,706 shares of the company’s stock valued at $36,190,000 after buying an additional 1,906,834 shares in the last quarter. Citizens Business Bank raised its stake in First Trust Institutional Preferred Securities and Income ETF by 0.7% during the first quarter. Citizens Business Bank now owns 979,784 shares of the company’s stock valued at $17,852,000 after buying an additional 6,956 shares in the last quarter. Finally, Essex LLC raised its stake in First Trust Institutional Preferred Securities and Income ETF by 4.0% during the fourth quarter. Essex LLC now owns 897,789 shares of the company’s stock valued at $16,008,000 after buying an additional 34,875 shares in the last quarter.

First Trust Institutional Preferred Securities and Income ETF Company Profile

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.