Kinloch Capital LLC increased its stake in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE – Free Report) by 24.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 424,027 shares of the company’s stock after purchasing an additional 82,852 shares during the quarter. First Trust Preferred Securities and Income ETF makes up about 3.8% of Kinloch Capital LLC’s portfolio, making the stock its 2nd largest holding. Kinloch Capital LLC owned about 0.14% of First Trust Preferred Securities and Income ETF worth $7,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also added to or reduced their stakes in the company. Raleigh Capital Management Inc. increased its position in First Trust Preferred Securities and Income ETF by 96.6% during the 4th quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock worth $30,000 after purchasing an additional 826 shares in the last quarter. Transce3nd LLC acquired a new position in First Trust Preferred Securities and Income ETF during the 4th quarter worth approximately $32,000. Promus Capital LLC acquired a new position in First Trust Preferred Securities and Income ETF during the 4th quarter worth approximately $35,000. National Bank of Canada FI grew its holdings in First Trust Preferred Securities and Income ETF by 55.8% during the 4th quarter. National Bank of Canada FI now owns 4,186 shares of the company’s stock worth $74,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Ballentine Partners LLC bought a new stake in First Trust Preferred Securities and Income ETF during the 4th quarter worth approximately $196,000.
First Trust Preferred Securities and Income ETF Price Performance
FPE opened at $17.60 on Tuesday. First Trust Preferred Securities and Income ETF has a fifty-two week low of $16.77 and a fifty-two week high of $18.23. The company’s 50 day moving average price is $17.40 and its two-hundred day moving average price is $17.67.
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.
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