First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Sees Unusually-High Trading Volume – Should You Buy?

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) saw unusually-strong trading volume on Wednesday . Approximately 1,302,424 shares changed hands during mid-day trading, an increase of 143% from the previous session’s volume of 535,194 shares.The stock last traded at $18.67 and had previously closed at $18.57.

First Trust Institutional Preferred Securities and Income ETF Price Performance

The business’s 50 day moving average is $18.77 and its 200 day moving average is $18.75.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jaffetilchin Investment Partners LLC lifted its stake in First Trust Institutional Preferred Securities and Income ETF by 1.2% during the 3rd quarter. Jaffetilchin Investment Partners LLC now owns 44,969 shares of the company’s stock valued at $858,000 after acquiring an additional 537 shares during the period. NewEdge Advisors LLC raised its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 0.8% during the second quarter. NewEdge Advisors LLC now owns 79,641 shares of the company’s stock worth $1,463,000 after purchasing an additional 637 shares during the last quarter. Walker Asset Management LLC lifted its position in First Trust Institutional Preferred Securities and Income ETF by 1.2% during the fourth quarter. Walker Asset Management LLC now owns 83,390 shares of the company’s stock valued at $1,559,000 after purchasing an additional 1,000 shares during the period. Trustmark National Bank Trust Department boosted its holdings in First Trust Institutional Preferred Securities and Income ETF by 4.7% in the third quarter. Trustmark National Bank Trust Department now owns 29,590 shares of the company’s stock valued at $564,000 after purchasing an additional 1,331 shares during the last quarter. Finally, Prospera Financial Services Inc grew its position in First Trust Institutional Preferred Securities and Income ETF by 3.8% during the 3rd quarter. Prospera Financial Services Inc now owns 42,842 shares of the company’s stock worth $817,000 after purchasing an additional 1,556 shares during the period.

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.