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-strong trading volume on Monday . Approximately 402,753 shares were traded during trading, an increase of 26% from the previous session’s volume of 319,614 shares.The stock last traded at $18.67 and had previously closed at $18.70.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

The business has a 50-day moving average of $18.81 and a 200 day moving average of $18.73.

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

Institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new position in shares of First Trust Institutional Preferred Securities and Income ETF during the second quarter worth about $157,000. Concurrent Investment Advisors LLC boosted its stake in First Trust Institutional Preferred Securities and Income ETF by 9.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 31,678 shares of the company’s stock valued at $582,000 after purchasing an additional 2,735 shares in the last quarter. Magnus Financial Group LLC raised its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 1.2% in the 2nd quarter. Magnus Financial Group LLC now owns 46,765 shares of the company’s stock worth $859,000 after buying an additional 547 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 7.1% in the second quarter. Private Advisor Group LLC now owns 146,973 shares of the company’s stock valued at $2,700,000 after buying an additional 9,784 shares during the period. Finally, Ashton Thomas Private Wealth LLC raised its position in First Trust Institutional Preferred Securities and Income ETF by 7.0% in the second quarter. Ashton Thomas Private Wealth LLC now owns 49,661 shares of the company’s stock worth $912,000 after acquiring an additional 3,270 shares in the last quarter.

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.