Family Legacy Inc. Increases Stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE)

Family Legacy Inc. raised its stake in First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) by 3.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 292,141 shares of the company’s stock after acquiring an additional 11,023 shares during the period. First Trust Preferred Securities and Income ETF makes up 1.8% of Family Legacy Inc.’s investment portfolio, making the stock its 18th largest position. Family Legacy Inc.’s holdings in First Trust Preferred Securities and Income ETF were worth $5,165,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FPE. Raleigh Capital Management Inc. increased its holdings in shares of First Trust Preferred Securities and Income ETF by 96.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 1,681 shares of the company’s stock valued at $30,000 after purchasing an additional 826 shares during the period. Promus Capital LLC acquired a new position in First Trust Preferred Securities and Income ETF in the 4th quarter valued at $35,000. ORG Partners LLC raised its position in First Trust Preferred Securities and Income ETF by 1,655.6% during the 4th quarter. ORG Partners LLC now owns 2,651 shares of the company’s stock worth $47,000 after buying an additional 2,500 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of First Trust Preferred Securities and Income ETF by 435.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,849 shares of the company’s stock worth $68,000 after acquiring an additional 3,130 shares during the period. Finally, Ehrlich Financial Group purchased a new position in First Trust Preferred Securities and Income ETF during the fourth quarter worth about $181,000.

First Trust Preferred Securities and Income ETF Stock Down 0.2 %

Shares of FPE opened at $17.59 on Monday. The stock’s 50 day moving average is $17.76 and its two-hundred day moving average is $17.88. First Trust Preferred Securities and Income ETF has a twelve month low of $16.95 and a twelve month high of $18.23.

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.