Gallacher Capital Management LLC Sells 7,900 Shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Gallacher Capital Management LLC reduced its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 6.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 106,681 shares of the company’s stock after selling 7,900 shares during the period. 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 position. 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.

Other institutional investors have also recently made changes to their positions in the company. UBS Group AG boosted its holdings in First Trust Preferred Securities and Income ETF by 1.1% in the third quarter. UBS Group AG now owns 9,900,363 shares of the company’s stock valued at $158,109,000 after acquiring an additional 109,938 shares during the last quarter. Raymond James & Associates increased its position in shares of First Trust Preferred Securities and Income ETF by 5.8% during the fourth quarter. Raymond James & Associates now owns 3,102,085 shares of the company’s stock worth $52,301,000 after buying an additional 169,272 shares during the period. HighTower Advisors LLC bought a new position in First Trust Preferred Securities and Income ETF during the third quarter worth $41,204,000. Stifel Financial Corp lifted its holdings in First Trust Preferred Securities and Income ETF by 1.6% in the third quarter. Stifel Financial Corp now owns 2,418,800 shares of the company’s stock valued at $38,628,000 after buying an additional 38,411 shares during the period. Finally, Kestra Advisory Services LLC boosted its position in First Trust Preferred Securities and Income ETF by 15.0% during the third quarter. Kestra Advisory Services LLC now owns 2,003,126 shares of the company’s stock valued at $31,990,000 after acquiring an additional 261,794 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE stock traded up $0.11 during mid-day trading on Friday, hitting $17.26. The company’s stock had a trading volume of 910,752 shares, compared to its average volume of 1,392,118. The company’s fifty day simple moving average is $17.21 and its 200-day simple moving average is $16.80. First Trust Preferred Securities and Income ETF has a 52 week low of $15.45 and a 52 week high of $17.45.

About First Trust Preferred Securities and Income ETF

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.