First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Sees Large Volume Increase – Should You Buy?

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 Stock Down 0.5 %

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

Hedge Funds Weigh In On First Trust Preferred Securities and Income ETF

Several large investors have recently added to or reduced their stakes in FPE. Ameliora Wealth Management Ltd. lifted its holdings 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 acquiring an additional 690 shares during the period. Mattson Financial Services LLC bought a new position in First Trust Preferred Securities and Income ETF during the second quarter worth about $46,000. ORG Partners LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 1,655.6% during the fourth quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock valued at $47,000 after purchasing an additional 2,500 shares in the last quarter. FSC Wealth Advisors LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 75.9% in the 3rd quarter. FSC Wealth Advisors LLC now owns 3,820 shares of the company’s stock valued at $69,000 after purchasing an additional 1,648 shares during the period. Finally, Matrix Trust Co acquired a new position in shares of First Trust Preferred Securities and Income ETF in the 3rd quarter worth approximately $173,000.

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.