Larch Capital Partners LLC Invests $5.23 Million in First Trust Preferred Securities and Income ETF $FPE

Larch Capital Partners LLC bought a new position in shares of First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) during the 4th quarter, Holdings Channel reports. The institutional investor bought 287,112 shares of the company’s stock, valued at approximately $5,231,000. First Trust Preferred Securities and Income ETF comprises approximately 0.7% of Larch Capital Partners LLC’s holdings, making the stock its 10th largest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. acquired a new position in First Trust Preferred Securities and Income ETF in the fourth quarter valued at approximately $39,000. Rossby Financial LCC increased its position in shares of First Trust Preferred Securities and Income ETF by 469.7% during the third quarter. Rossby Financial LCC now owns 2,347 shares of the company’s stock worth $43,000 after purchasing an additional 1,935 shares in the last quarter. Ameriflex Group Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 339.3% in the 3rd quarter. Ameriflex Group Inc. now owns 2,372 shares of the company’s stock valued at $43,000 after purchasing an additional 1,832 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of First Trust Preferred Securities and Income ETF by 42.8% in the 4th quarter. Raleigh Capital Management Inc. now owns 2,507 shares of the company’s stock valued at $46,000 after purchasing an additional 752 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of First Trust Preferred Securities and Income ETF by 91.5% in the 4th quarter. Larson Financial Group LLC now owns 2,873 shares of the company’s stock valued at $52,000 after purchasing an additional 1,373 shares during the period.

First Trust Preferred Securities and Income ETF Stock Performance

NYSEARCA:FPE opened at $17.99 on Friday. First Trust Preferred Securities and Income ETF has a 52-week low of $17.54 and a 52-week high of $18.51. The stock’s 50 day moving average price is $18.03 and its 200 day moving average price is $18.14.

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