First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) Sees Large Volume Increase

Shares of First Trust Institutional Preferred Securities and Income ETF (NYSEARCA:FPEI) saw unusually-high trading volume on Thursday . Approximately 894,521 shares traded hands during trading, an increase of 88% from the previous session’s volume of 475,947 shares.The stock last traded at $17.13 and had previously closed at $17.12.

First Trust Institutional Preferred Securities and Income ETF Stock Performance

The stock has a 50 day moving average price of $17.01 and a 200-day moving average price of $17.16.

Institutional Trading of First Trust Institutional Preferred Securities and Income ETF

A number of institutional investors have recently modified their holdings of the company. Morgan Stanley boosted its holdings in shares of First Trust Institutional Preferred Securities and Income ETF by 82.9% during the fourth quarter. Morgan Stanley now owns 9,641,987 shares of the company’s stock worth $171,724,000 after purchasing an additional 4,370,563 shares during the period. UBS Group AG lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 23.3% in the first quarter. UBS Group AG now owns 3,650,560 shares of the company’s stock worth $61,147,000 after buying an additional 690,781 shares during the period. Royal Bank of Canada lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 27.0% in the second quarter. Royal Bank of Canada now owns 3,492,541 shares of the company’s stock worth $58,850,000 after buying an additional 743,163 shares during the period. Bank of America Corp DE lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 7.3% in the first quarter. Bank of America Corp DE now owns 2,350,979 shares of the company’s stock worth $39,379,000 after buying an additional 159,827 shares during the period. Finally, Smith Chas P & Associates PA Cpas lifted its holdings in First Trust Institutional Preferred Securities and Income ETF by 4.7% in the second quarter. Smith Chas P & Associates PA Cpas now owns 2,207,639 shares of the company’s stock worth $37,199,000 after buying an additional 98,568 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.