First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Sets New 52-Week High at $17.79

First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $17.79 and last traded at $17.78, with a volume of 910591 shares. The stock had previously closed at $17.72.

First Trust Preferred Securities and Income ETF Stock Up 0.3 %

The firm’s 50 day moving average price is $17.52 and its 200-day moving average price is $17.32.

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

Several hedge funds and other institutional investors have recently bought and sold shares of FPE. Opal Wealth Advisors LLC purchased a new position in shares of First Trust Preferred Securities and Income ETF during the 2nd quarter worth $26,000. Bogart Wealth LLC bought a new position in First Trust Preferred Securities and Income ETF during the first quarter valued at approximately $36,000. FSC Wealth Advisors LLC grew its holdings in shares of First Trust Preferred Securities and Income ETF by 85.3% in the second quarter. FSC Wealth Advisors LLC now owns 2,172 shares of the company’s stock valued at $38,000 after purchasing an additional 1,000 shares in the last quarter. Indiana Trust & Investment Management CO bought a new position in shares of First Trust Preferred Securities and Income ETF in the 1st quarter valued at about $44,000. Finally, Larson Financial Group LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF by 117.1% in the 2nd quarter. Larson Financial Group LLC now owns 2,672 shares of the company’s stock valued at $46,000 after purchasing an additional 1,441 shares during the last quarter.

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.