First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Sees Large Volume Increase

First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) saw unusually-high trading volume on Wednesday . Approximately 6,753,288 shares traded hands during mid-day trading, an increase of 368% from the previous session’s volume of 1,443,194 shares.The stock last traded at $17.19 and had previously closed at $17.32.

First Trust Preferred Securities and Income ETF Stock Down 0.9 %

The stock has a fifty day moving average price of $17.21 and a 200-day moving average price of $16.82.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FPE. Park Avenue Securities LLC lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 5.8% in the 3rd quarter. Park Avenue Securities LLC now owns 155,243 shares of the company’s stock valued at $2,479,000 after buying an additional 8,570 shares during the period. Dunhill Financial LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 18.6% during the 3rd quarter. Dunhill Financial LLC now owns 347,089 shares of the company’s stock worth $5,463,000 after purchasing an additional 54,546 shares during the period. Midwest Heritage Bank FSB lifted its stake in shares of First Trust Preferred Securities and Income ETF by 1.1% in the third quarter. Midwest Heritage Bank FSB now owns 221,564 shares of the company’s stock valued at $3,538,000 after purchasing an additional 2,322 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of First Trust Preferred Securities and Income ETF by 264.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,656 shares of the company’s stock worth $26,000 after acquiring an additional 1,201 shares in the last quarter. Finally, Mainsail Financial Group LLC raised its stake in shares of First Trust Preferred Securities and Income ETF by 21.0% during the 3rd quarter. Mainsail Financial Group LLC now owns 83,776 shares of the company’s stock worth $1,331,000 after buying an additional 14,512 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.