First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) Shares Sold by Gallacher Capital Management LLC

Gallacher Capital Management LLC trimmed its holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 106,681 shares of the company’s stock after selling 7,900 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for approximately 1.0% of Gallacher Capital Management LLC’s investment portfolio, making the stock its 15th biggest holding. Gallacher Capital Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,799,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. J.W. Cole Advisors Inc. grew its stake in shares of First Trust Preferred Securities and Income ETF by 1.0% during the 4th quarter. J.W. Cole Advisors Inc. now owns 78,371 shares of the company’s stock worth $1,321,000 after purchasing an additional 759 shares during the period. Cedrus LLC raised its position in First Trust Preferred Securities and Income ETF by 0.8% during the fourth quarter. Cedrus LLC now owns 101,440 shares of the company’s stock worth $1,710,000 after acquiring an additional 815 shares during the period. Wagner Wealth Management LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 4.9% during the fourth quarter. Wagner Wealth Management LLC now owns 20,866 shares of the company’s stock valued at $352,000 after purchasing an additional 972 shares in the last quarter. Private Trust Co. NA grew its position in shares of First Trust Preferred Securities and Income ETF by 1.0% in the fourth quarter. Private Trust Co. NA now owns 101,692 shares of the company’s stock valued at $1,715,000 after purchasing an additional 1,052 shares during the period. Finally, PCG Wealth Advisors LLC increased its stake in First Trust Preferred Securities and Income ETF by 5.2% during the 4th quarter. PCG Wealth Advisors LLC now owns 21,862 shares of the company’s stock worth $369,000 after buying an additional 1,089 shares in the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA:FPE traded up $0.11 during trading on Friday, reaching $17.26. The stock had a trading volume of 910,752 shares, compared to its average volume of 1,392,118. The business has a fifty day moving average price of $17.21 and a 200-day moving average price of $16.80. First Trust Preferred Securities and Income ETF has a 1-year low of $15.45 and a 1-year high of $17.45.

First Trust Preferred Securities and Income ETF Company Profile

The First Trust Preferred Securities and Income ETF (FPE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that attempts to generate income by investing globally in preferred equities and income producing debt across the market cap spectrum.