First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Sees Unusually-High Trading Volume – What’s Next?

First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) saw unusually-high trading volume on Friday. Approximately 1,650,672 shares were traded during mid-day trading, an increase of 21% from the previous session’s volume of 1,361,778 shares. The stock last traded at $16.8850 and had previously closed at $16.92.

First Trust Preferred Securities and Income ETF Price Performance

The stock’s 50 day simple moving average is $17.38 and its two-hundred day simple moving average is $17.76.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Timbuktu Capital Management LLC bought a new position in shares of First Trust Preferred Securities and Income ETF in the second quarter worth $27,000. Ascentis Independent Advisors bought a new position in First Trust Preferred Securities and Income ETF during the 1st quarter worth approximately $29,000. Allied Private Wealth LLC purchased a new position in First Trust Preferred Securities and Income ETF during the 2nd quarter valued at about $30,000. Versant Capital Management Inc bought a new position in First Trust Preferred Securities and Income ETF in the 3rd quarter worth $45,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in shares of First Trust Preferred Securities and Income ETF in the 1st quarter worth approximately $61,000.

About First Trust Preferred Securities and Income ETF

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.