First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Trading Down 0.2% – Here’s What Happened

First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)’s stock price dropped 0.2% on Monday . The stock traded as low as $17.66 and last traded at $17.66. Approximately 898,824 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 1,290,834 shares. The stock had previously closed at $17.69.

First Trust Preferred Securities and Income ETF Stock Performance

The firm’s 50 day moving average is $17.82 and its 200-day moving average is $17.97.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FPE. Jane Street Group LLC increased its position in First Trust Preferred Securities and Income ETF by 53.0% during the first quarter. Jane Street Group LLC now owns 262,995 shares of the company’s stock worth $4,626,000 after purchasing an additional 91,118 shares during the last quarter. First Trust Advisors LP grew its stake in shares of First Trust Preferred Securities and Income ETF by 0.9% in the 2nd quarter. First Trust Advisors LP now owns 163,544 shares of the company’s stock valued at $2,911,000 after buying an additional 1,496 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter worth approximately $249,000. NewEdge Advisors LLC raised its position in shares of First Trust Preferred Securities and Income ETF by 2.5% during the 2nd quarter. NewEdge Advisors LLC now owns 371,865 shares of the company’s stock valued at $6,619,000 after buying an additional 9,236 shares during the period. Finally, Quantinno Capital Management LP acquired a new position in First Trust Preferred Securities and Income ETF in the second quarter valued at approximately $263,000.

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. FPE was launched on Feb 12, 2013 and is managed by First Trust.