First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Sees Large Volume Increase – Here’s What Happened

First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) shares saw unusually-high trading volume on Thursday . Approximately 4,029,291 shares traded hands during trading, an increase of 1,022% from the previous session’s volume of 359,215 shares.The stock last traded at $18.57 and had previously closed at $18.72.

First Trust Institutional Preferred Securities and Income ETF Price Performance

The firm has a fifty day moving average of $18.77 and a 200-day moving average of $18.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Gladstone Institutional Advisory LLC increased its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 1.1% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 53,835 shares of the company’s stock valued at $1,007,000 after purchasing an additional 575 shares during the period. Twin Peaks Wealth Advisors LLC increased its stake in First Trust Institutional Preferred Securities and Income ETF by 1.1% during the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 53,928 shares of the company’s stock valued at $1,008,000 after buying an additional 611 shares during the period. Stratos Wealth Partners LTD. raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 1.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 56,821 shares of the company’s stock worth $1,063,000 after buying an additional 656 shares in the last quarter. Dunhill Financial LLC raised its position in shares of First Trust Institutional Preferred Securities and Income ETF by 15.2% during the 4th quarter. Dunhill Financial LLC now owns 6,359 shares of the company’s stock worth $119,000 after buying an additional 839 shares in the last quarter. Finally, Greatmark Investment Partners Inc. lifted its stake in shares of First Trust Institutional Preferred Securities and Income ETF by 6.5% in the 4th quarter. Greatmark Investment Partners Inc. now owns 14,275 shares of the company’s stock worth $267,000 after acquiring an additional 875 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.