First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Reaches New 1-Year Low – What’s Next?

First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)’s share price hit a new 52-week low on Monday . The company traded as low as $16.87 and last traded at $16.88, with a volume of 1218497 shares. The stock had previously closed at $17.22.

First Trust Preferred Securities and Income ETF Stock Performance

The company’s fifty day moving average is $17.74 and its 200-day moving average is $17.86.

Institutional Trading of First Trust Preferred Securities and Income ETF

Several hedge funds have recently added to or reduced their stakes in the business. Perigon Wealth Management LLC acquired a new position in shares of First Trust Preferred Securities and Income ETF during the fourth quarter valued at about $219,000. Atomi Financial Group Inc. bought a new position in First Trust Preferred Securities and Income ETF during the fourth quarter valued at about $232,000. JPMorgan Chase & Co. raised its holdings in First Trust Preferred Securities and Income ETF by 29.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 989,613 shares of the company’s stock valued at $17,912,000 after acquiring an additional 224,647 shares in the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of First Trust Preferred Securities and Income ETF by 14.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 186,672 shares of the company’s stock worth $3,304,000 after acquiring an additional 23,067 shares during the period. Finally, Blue Trust Inc. bought a new stake in shares of First Trust Preferred Securities and Income ETF in the 4th quarter worth approximately $209,000.

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.