287,112 Shares in First Trust Preferred Securities and Income ETF $FPE Purchased by Larch Capital Partners LLC

Larch Capital Partners LLC bought a new stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 287,112 shares of the company’s stock, valued at approximately $5,231,000. First Trust Preferred Securities and Income ETF makes up approximately 0.7% of Larch Capital Partners LLC’s portfolio, making the stock its 10th biggest holding. Larch Capital Partners LLC owned approximately 0.08% of First Trust Preferred Securities and Income ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Ameritas Investment Partners Inc. grew its holdings in shares of First Trust Preferred Securities and Income ETF by 7.5% in the third quarter. Ameritas Investment Partners Inc. now owns 628,645 shares of the company’s stock valued at $11,466,000 after purchasing an additional 44,103 shares in the last quarter. Citigroup Inc. raised its holdings in First Trust Preferred Securities and Income ETF by 17.2% in the third quarter. Citigroup Inc. now owns 985,145 shares of the company’s stock valued at $17,969,000 after acquiring an additional 144,720 shares in the last quarter. Vestmark Advisory Solutions Inc. purchased a new position in First Trust Preferred Securities and Income ETF in the third quarter worth approximately $3,403,000. Econ Financial Services Corp acquired a new position in First Trust Preferred Securities and Income ETF during the 4th quarter worth approximately $2,129,000. Finally, Stratos Wealth Partners LTD. increased its position in shares of First Trust Preferred Securities and Income ETF by 17.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 427,459 shares of the company’s stock valued at $7,788,000 after purchasing an additional 62,762 shares during the last quarter.

First Trust Preferred Securities and Income ETF Stock Performance

Shares of FPE opened at $17.99 on Friday. First Trust Preferred Securities and Income ETF has a twelve month low of $17.54 and a twelve month high of $18.51. The firm’s fifty day simple moving average is $18.03 and its 200-day simple moving average is $18.14.

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.