Mon Sep 23 15:08:32 UTC 2024: ## First Trust Preferred Securities and Income ETF (FPE) Hits New 52-Week High
**New York, NY -** Shares of the First Trust Preferred Securities and Income ETF (FPE) soared to a new 52-week high on Monday, reaching $18.20 per share. This surge comes amidst increased investor interest in the ETF, as evidenced by recent purchases from institutional investors.
Opal Wealth Advisors LLC, Bogart Wealth LLC, FSC Wealth Advisors LLC, Indiana Trust & Investment Management CO, and Larson Financial Group LLC have all recently acquired or increased their stakes in FPE.
FPE is an actively managed exchange-traded fund that focuses on generating income through investments in preferred equities and income-producing debt across the global market cap spectrum. The fund primarily targets broad credit fixed income.
Analysts are optimistic about the future of FPE, with its 50-day moving average standing at $17.73 and 200-day moving average at $17.45.
Investors looking for exposure to the broad credit fixed income market may want to consider FPE as a potential addition to their portfolio.
First Piper 