Gill Capital Partners LLC Reduces Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Gill Capital Partners LLC reduced its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 4.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 186,334 shares of the company’s stock after selling 8,562 shares during the quarter. First Trust Preferred Securities and Income ETF comprises about 1.2% of Gill Capital Partners LLC’s portfolio, making the stock its 23rd biggest position. Gill Capital Partners LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $3,298,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Stonebridge Advisors LLC grew its position in shares of First Trust Preferred Securities and Income ETF by 25.1% during the second quarter. Stonebridge Advisors LLC now owns 228,435 shares of the company’s stock worth $3,966,000 after acquiring an additional 45,880 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in First Trust Preferred Securities and Income ETF by 1,275.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 410,145 shares of the company’s stock worth $7,120,000 after purchasing an additional 380,318 shares during the period. Bank of Montreal Can grew its position in First Trust Preferred Securities and Income ETF by 11.4% during the 2nd quarter. Bank of Montreal Can now owns 245,835 shares of the company’s stock worth $4,287,000 after purchasing an additional 25,167 shares during the last quarter. Trinity Legacy Partners LLC increased its stake in First Trust Preferred Securities and Income ETF by 2.3% in the second quarter. Trinity Legacy Partners LLC now owns 972,141 shares of the company’s stock valued at $16,876,000 after purchasing an additional 22,076 shares during the period. Finally, Elevation Capital Advisory LLC purchased a new stake in shares of First Trust Preferred Securities and Income ETF in the second quarter valued at about $5,750,000.

First Trust Preferred Securities and Income ETF Trading Up 0.1 %

Shares of FPE opened at $17.76 on Friday. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.82 and a fifty-two week high of $18.23. The firm has a 50-day simple moving average of $17.82 and a 200-day simple moving average of $17.83.

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.