First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Reaches New 1-Year Low – Should You Sell?

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $17.81 and last traded at $17.98, with a volume of 14975 shares traded. The stock had previously closed at $18.22.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

The business has a 50-day moving average price of $18.72 and a two-hundred day moving average price of $18.78.

Institutional Investors Weigh In On First Trust Institutional Preferred Securities and Income ETF

Several large investors have recently bought and sold shares of the stock. HighTower Advisors LLC boosted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 63.3% in the 3rd quarter. HighTower Advisors LLC now owns 134,694 shares of the company’s stock valued at $2,569,000 after buying an additional 52,206 shares during the period. Stifel Financial Corp raised its holdings in First Trust Institutional Preferred Securities and Income ETF by 28.9% in the third quarter. Stifel Financial Corp now owns 317,864 shares of the company’s stock valued at $6,062,000 after acquiring an additional 71,345 shares in the last quarter. Jane Street Group LLC purchased a new position in First Trust Institutional Preferred Securities and Income ETF in the third quarter worth approximately $1,468,000. MML Investors Services LLC grew its holdings in First Trust Institutional Preferred Securities and Income ETF by 21.8% during the 3rd quarter. MML Investors Services LLC now owns 16,341 shares of the company’s stock worth $312,000 after acquiring an additional 2,925 shares in the last quarter. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at approximately $289,000.

About First Trust Institutional Preferred Securities and Income ETF

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.