Kinloch Capital LLC Has $18.28 Million Stock Holdings in First Trust Preferred Securities and Income ETF $FPE

Kinloch Capital LLC grew its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 72.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,003,054 shares of the company’s stock after purchasing an additional 422,573 shares during the period. First Trust Preferred Securities and Income ETF makes up approximately 7.9% of Kinloch Capital LLC’s holdings, making the stock its biggest holding. Kinloch Capital LLC’s holdings in First Trust Preferred Securities and Income ETF were worth $18,276,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of FPE. LPL Financial LLC increased 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 buying an additional 2,636,765 shares during the last quarter. Stonebridge Advisors LLC raised its stake in First Trust Preferred Securities and Income ETF by 1,312.3% during the fourth quarter. Stonebridge Advisors LLC now owns 2,368,824 shares of the company’s stock valued at $40,181,000 after buying an additional 2,201,095 shares in the last quarter. Jane Street Group LLC lifted its holdings in First Trust Preferred Securities and Income ETF by 433.4% during the 2nd quarter. Jane Street Group LLC now owns 1,402,861 shares of the company’s stock worth $24,971,000 after buying an additional 1,139,866 shares during the last quarter. Morgan Stanley lifted its holdings in First Trust Preferred Securities and Income ETF by 2.1% during the 4th quarter. Morgan Stanley now owns 53,251,105 shares of the company’s stock worth $970,235,000 after buying an additional 1,110,239 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in First Trust Preferred Securities and Income ETF by 29.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,541,584 shares of the company’s stock worth $82,785,000 after buying an additional 1,041,910 shares during the last quarter.

First Trust Preferred Securities and Income ETF Trading Up 0.1%

Shares of 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 has a 50 day moving average of $18.03 and a 200-day moving average of $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.