Gallacher Capital Management LLC Decreases Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Gallacher Capital Management LLC trimmed its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 12.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,257 shares of the company’s stock after selling 10,464 shares during the period. First Trust Preferred Securities and Income ETF accounts for about 0.7% of Gallacher Capital Management LLC’s holdings, making the stock its 27th biggest holding. Gallacher Capital Management LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $1,350,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in FPE. Raleigh Capital Management Inc. boosted its stake in shares of First Trust Preferred Securities and Income ETF by 96.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock valued at $30,000 after purchasing an additional 826 shares during the period. Promus Capital LLC purchased a new position in First Trust Preferred Securities and Income ETF in the 4th quarter valued at about $35,000. ORG Partners LLC grew its stake in shares of First Trust Preferred Securities and Income ETF by 1,655.6% during the fourth quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock valued at $47,000 after acquiring an additional 2,500 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of First Trust Preferred Securities and Income ETF by 435.3% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock worth $68,000 after acquiring an additional 3,130 shares in the last quarter. Finally, Ehrlich Financial Group purchased a new position in First Trust Preferred Securities and Income ETF in the fourth quarter valued at about $181,000.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of NYSEARCA FPE opened at $17.66 on Friday. The business has a 50 day moving average price of $17.76 and a two-hundred day moving average price of $17.89. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.95 and a fifty-two week high of $18.23.

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.