Stockman Wealth Management Inc. Decreases Stock Holdings in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Stockman Wealth Management Inc. trimmed its holdings in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 25.3% in the fourth quarter, Holdings Channel reports. The firm owned 24,228 shares of the company’s stock after selling 8,215 shares during the period. Stockman Wealth Management Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $429,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Kingsview Wealth Management LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 21.8% in the fourth quarter. Kingsview Wealth Management LLC now owns 132,022 shares of the company’s stock worth $2,337,000 after buying an additional 23,614 shares during the period. TFG Advisers LLC acquired a new position in First Trust Preferred Securities and Income ETF during the 4th quarter worth approximately $211,000. Mainsail Financial Group LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 7.5% in the 4th quarter. Mainsail Financial Group LLC now owns 117,234 shares of the company’s stock worth $2,075,000 after acquiring an additional 8,181 shares during the period. Realta Investment Advisors acquired a new stake in First Trust Preferred Securities and Income ETF during the 4th quarter valued at $310,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in First Trust Preferred Securities and Income ETF by 3.2% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 151,712 shares of the company’s stock worth $2,685,000 after buying an additional 4,729 shares in the last quarter.

First Trust Preferred Securities and Income ETF Price Performance

NYSEARCA:FPE opened at $17.80 on Friday. First Trust Preferred Securities and Income ETF has a 1-year low of $16.95 and a 1-year high of $18.23. The firm has a 50-day moving average of $17.78 and a two-hundred day moving average of $17.85.

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.