First Trust Preferred Securities and Income ETF
397 hedge funds and large institutions have $3.1B invested in First Trust Preferred Securities and Income ETF in 2023 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 143 increasing their positions, 153 reducing their positions, and 58 closing their positions.
184% more call options, than puts
Call options by funds: $105K | Put options by funds: $37K
7% less repeat investments, than reductions
Existing positions increased: 143 | Existing positions reduced: 153
2.53% less ownership
Funds ownership: 60.2% → 57.67% (-2.5%)
6% less funds holding
Funds holding: 424 → 397 (-27)
14% less funds holding in top 10
Funds holding in top 10: 22 → 19 (-3)
26% less capital invested
Capital invested by funds: $4.19B → $3.1B (-$1.09B)
31% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 58
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State of Tennessee, Department of Treasury
Nashville,
Tennessee
|
+$54.2M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$38.1M |
| 3 |
Morgan Stanley
New York
|
+$25.2M |
| 4 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$19.1M |
| 5 |
LPL Financial
San Diego,
California
|
+$11.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$108M |
| 2 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
-$79.6M |
| 3 |
SA
Stonebridge Advisors
Wilton,
Connecticut
|
-$44.3M |
| 4 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
-$22.1M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$20.4M |
FPE Hedge Fund Activity: Q1 2023 in Review
397 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q1 2023, worth a combined $3.1B — down 26% from $4.19B a quarter earlier.
Sellers outnumbered buyers: 58 funds closed out of FPE and 40 opened new positions — a net loss of 18 holders — while 153 trimmed existing stakes and 143 added.
The largest buyer was State of Tennessee, Department of Treasury, adding an estimated $54.2M. The largest seller was Jane Street, cutting an estimated $108M.
- 397 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q1 2023, down from 424 in Q4 2022.
- Funds reported $3.1B of First Trust Preferred Securities and Income ETF stock for Q1 2023, down 26% quarter-over-quarter.
- 40 funds opened new First Trust Preferred Securities and Income ETF positions in Q1 2023 and 58 closed out, a net change of -18 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q1 2023 was State of Tennessee, Department of Treasury, an estimated $54.2M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q1 2023 was Jane Street, an estimated $108M sold.
Based on aggregated 13F filings for Q1 2023.