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

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) shares saw unusually-high trading volume on Monday . Approximately 302,646 shares changed hands during trading, a decline of 3% from the previous session’s volume of 312,298 shares.The stock last traded at $18.81 and had previously closed at $18.82.

First Trust Institutional Preferred Securities and Income ETF Stock Down 0.1 %

The stock’s 50 day moving average price is $18.86 and its 200 day moving average price is $18.70.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Synovus Financial Corp raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 53.2% in the 3rd quarter. Synovus Financial Corp now owns 29,836 shares of the company’s stock valued at $569,000 after purchasing an additional 10,361 shares in the last quarter. Hobbs Group Advisors LLC acquired a new position in shares of First Trust Institutional Preferred Securities and Income ETF in the 3rd quarter valued at about $289,000. MML Investors Services LLC raised its stake in First Trust Institutional Preferred Securities and Income ETF by 21.8% during the third 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 during the period. Jane Street Group LLC bought a new position in First Trust Institutional Preferred Securities and Income ETF in the third quarter worth about $1,468,000. Finally, Stifel Financial Corp raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 28.9% during the 3rd quarter. Stifel Financial Corp now owns 317,864 shares of the company’s stock worth $6,062,000 after purchasing an additional 71,345 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.