Several investors have snapped up big hunks of Life Financial Corp. since its initial public offering on June 24.

On Wednesday, Financial Stocks Inc., Cincinnati, disclosed in a federal filing that it has a 6.5% investment stake in the thrift holding company, which specializes in subprime mortgages. The firm said it holds 423,500 shares of Life Financial, which were purchased between June 25 and July 7 for $11 to $15.44 apiece.

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