First Trust Preferred Securities and Income ETF
406 hedge funds and large institutions have $3.7B invested in First Trust Preferred Securities and Income ETF in 2022 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 110 increasing their positions, 192 reducing their positions, and 57 closing their positions.
67% more call options, than puts
Call options by funds: $291K | Put options by funds: $174K
2.09% less ownership
Funds ownership: 60.23% → 58.13% (-2.1%)
4% less funds holding
Funds holding: 422 → 406 (-16)
18% less capital invested
Capital invested by funds: $4.54B → $3.7B (-$835M)
21% less first-time investments, than exits
New positions opened: 45 | Existing positions closed: 57
24% less funds holding in top 10
Funds holding in top 10: 37 → 28 (-9)
43% less repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 192
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SWM
Southern Wealth Management
Dallas,
Texas
|
+$15.4M |
| 2 |
SA
Stonebridge Advisors
Wilton,
Connecticut
|
+$14.1M |
| 3 |
BFG
Bouchey Financial Group
Troy,
New York
|
+$13M |
| 4 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$12.7M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$9.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GI
Gradient Investments
Arden Hills,
Minnesota
|
-$72.6M |
| 2 |
Morgan Stanley
New York
|
-$62.5M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$35M |
| 4 |
SFI
SPC Financial Inc
Rockville,
Maryland
|
-$20.9M |
| 5 |
HI
Horizon Investments
Charlotte,
North Carolina
|
-$18.3M |
FPE Hedge Fund Activity: Q2 2022 in Review
406 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q2 2022, worth a combined $3.7B — down 18% from $4.54B a quarter earlier.
Sellers outnumbered buyers: 57 funds closed out of FPE and 45 opened new positions — a net loss of 12 holders — while 192 trimmed existing stakes and 110 added.
The largest buyer was Southern Wealth Management, adding an estimated $15.4M. The largest seller was Gradient Investments, cutting an estimated $72.6M.
- 406 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q2 2022, down from 422 in Q1 2022.
- Funds reported $3.7B of First Trust Preferred Securities and Income ETF stock for Q2 2022, down 18% quarter-over-quarter.
- 45 funds opened new First Trust Preferred Securities and Income ETF positions in Q2 2022 and 57 closed out, a net change of -12 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q2 2022 was Southern Wealth Management, an estimated $15.4M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q2 2022 was Gradient Investments, an estimated $72.6M sold.
Based on aggregated 13F filings for Q2 2022.