First Trust’s FPEI ETF Falls Below 200-Day Moving Average

During trading on Thursday, shares of the First Trust Institutional Preferred Securities and Income ETF (Symbol: FPEI) dropped below their 200-day moving average of $18.70, trading as low as $18.68 per share. Currently, FPEI shares are down about 0.3% for the day. The chart below illustrates the one-year performance of FPEI shares in relation to its 200-day moving average:

An analysis of the chart reveals that FPEI’s low point over the past 52 weeks was $17.9002 per share, with a 52-week high of $19.11. The last recorded trade was $18.69, which positions it closer to its low for the year.

Click here to learn about 9 other ETFs that recently fell below their 200-day moving average.

Also see:

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• Funds Holding JPX

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.