First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Hits New 1-Year Low – Here’s Why

Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) hit a new 52-week low on Wednesday . The stock traded as low as $16.94 and last traded at $17.75, with a volume of 1403 shares traded. The stock had previously closed at $17.73.

First Trust Preferred Securities and Income ETF Price Performance

The firm has a 50 day moving average of $17.79 and a two-hundred day moving average of $17.85.

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

A number of hedge funds have recently made changes to their positions in the stock. Ameliora Wealth Management Ltd. lifted its stake in First Trust Preferred Securities and Income ETF by 93.1% in the 3rd quarter. Ameliora Wealth Management Ltd. now owns 1,431 shares of the company’s stock valued at $26,000 after purchasing an additional 690 shares during the last quarter. Raleigh Capital Management Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 96.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock worth $30,000 after buying an additional 826 shares during the last quarter. Mattson Financial Services LLC acquired a new position in shares of First Trust Preferred Securities and Income ETF during the second quarter worth $46,000. ORG Partners LLC lifted its stake in shares of First Trust Preferred Securities and Income ETF by 1,655.6% in the 4th quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock valued at $47,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of First Trust Preferred Securities and Income ETF by 435.3% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock valued at $68,000 after acquiring an additional 3,130 shares in the last quarter.

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.