First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Sets New 52-Week High at $18.46

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) reached a new 52-week high during trading on Friday . The company traded as high as $18.46 and last traded at $18.43, with a volume of 17016 shares trading hands. The stock had previously closed at $18.42.

First Trust Institutional Preferred Securities and Income ETF Stock Up 0.1 %

The business’s 50 day simple moving average is $18.29 and its 200 day simple moving average is $18.10.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. GUNN & Co INVESTMENT MANAGEMENT INC. boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 1,551.9% in 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 acquiring an additional 1,906,834 shares in the last quarter. Key Financial Inc boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 94.6% during the fourth quarter. Key Financial Inc now owns 832,976 shares of the company’s stock worth $14,852,000 after buying an additional 404,949 shares in the last quarter. Cetera Investment Advisers boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 2,072.0% during the first quarter. Cetera Investment Advisers now owns 363,963 shares of the company’s stock worth $6,631,000 after buying an additional 347,206 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in First Trust Institutional Preferred Securities and Income ETF during the fourth quarter worth about $5,220,000. Finally, Truist Financial Corp boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 55.6% during the fourth quarter. Truist Financial Corp now owns 677,444 shares of the company’s stock worth $12,079,000 after buying an additional 241,941 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.