First Trust Preferred Securities and Income ETF $FPE Holdings Raised by Kinloch Capital LLC

Kinloch Capital LLC boosted its position in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 72.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,003,054 shares of the company’s stock after buying an additional 422,573 shares during the quarter. First Trust Preferred Securities and Income ETF accounts for approximately 7.9% of Kinloch Capital LLC’s holdings, making the stock its biggest holding. Kinloch Capital LLC owned about 0.28% of First Trust Preferred Securities and Income ETF worth $18,276,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FPE. Morgan Stanley lifted its stake in shares of First Trust Preferred Securities and Income ETF by 2.1% in the fourth quarter. Morgan Stanley now owns 53,251,105 shares of the company’s stock worth $970,235,000 after acquiring an additional 1,110,239 shares in the last quarter. LPL Financial LLC boosted its holdings in First Trust Preferred Securities and Income ETF by 18.6% in the fourth quarter. LPL Financial LLC now owns 16,820,824 shares of the company’s stock valued at $306,475,000 after purchasing an additional 2,636,765 shares during the last quarter. Wells Fargo & Company MN grew its stake in First Trust Preferred Securities and Income ETF by 4.1% during the 4th quarter. Wells Fargo & Company MN now owns 15,930,706 shares of the company’s stock valued at $290,257,000 after purchasing an additional 624,898 shares in the last quarter. Raymond James Financial Inc. grew its stake in First Trust Preferred Securities and Income ETF by 7.2% during the 4th quarter. Raymond James Financial Inc. now owns 9,527,406 shares of the company’s stock valued at $173,589,000 after purchasing an additional 641,472 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in First Trust Preferred Securities and Income ETF by 5.3% during the 3rd quarter. Bank of America Corp DE now owns 7,607,592 shares of the company’s stock worth $138,762,000 after purchasing an additional 381,048 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Up 0.1%

Shares of FPE opened at $17.99 on Friday. The business’s 50 day moving average is $18.03 and its two-hundred day moving average is $18.14. First Trust Preferred Securities and Income ETF has a 52-week low of $17.54 and a 52-week high of $18.51.

First Trust Preferred Securities and Income ETF Company Profile

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. FPE was launched on Feb 12, 2013 and is managed by First Trust.