In trading on Friday, shares of the First Trust Institutional Preferred Securities and Income ETF (Symbol: FPEI) crossed above their 200 day moving average of $19.31, changing hands as high as $19.34 per share. First Trust Institutional Preferred Securities and Income shares are currently trading up about 0.3% on the day. The chart below shows the one year performance of FPEI shares, versus its 200 day moving average:
Looking at the chart above, FPEI’s low point in its 52 week range is $18.49 per share, with $19.61 as the 52 week high point — that compares with a last trade of $19.33.
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