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First Trust Preferred Securities and Income ETF

404 hedge funds and large institutions have $4.13B invested in First Trust Preferred Securities and Income ETF in 2023 Q4 according to their latest regulatory filings, with 57 funds opening new positions, 127 increasing their positions, 173 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

58% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 36

34% more capital invested

Capital invested by funds: $3.08B → $4.13B (+$1.05B)

18.25% more ownership

Funds ownership: 59.91%78.16% (+18%)

4% more funds holding

Funds holding: 387404 (+17)

10% less funds holding in top 10

Funds holding in top 10: 2119 (-2)

27% less repeat investments, than reductions

Existing positions increased: 127 | Existing positions reduced: 173

37% less call options, than puts

Call options by funds: $266K | Put options by funds: $422K

Holders
404
Holders Change
+17
Holders Change %
+4.39%
% of All Funds
5.89%
Holding in Top 10
19
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-9.52%
% of All Funds
0.28%
New
57
Increased
127
Reduced
173
Closed
36
Calls
$266K
Puts
$422K
Net Calls
-$156K
Net Calls Change
-$269K
Name Holding Trade Value Shares
Change
Change in
Stake
CSPIA
226
Cary Street Partners Investment Advisory
Virginia
$547K -$15.7K -974 -3%
CCG
227
Coastwise Capital Group
California
$546K +$1.85K +115 +0.4%
CA
228
Cornerstone Advisory
Maryland
$535K +$10.8K +672 +2%
EA
229
Everpar Advisors
Oklahoma
$525K +$503K +31,164 New
TW
230
TritonPoint Wealth
Maryland
$522K +$499K +30,950 New
CIG
231
Cascade Investment Group
Colorado
$520K +$106K +6,588 +27%
PS
232
Principal Securities
Iowa
$517K +$494K +30,641 New
Verition Fund Management
233
Verition Fund Management
Connecticut
$506K +$484K +30,000 New
PCIA
234
Prime Capital Investment Advisors
Kansas
$505K +$81.4K +5,043 +20%
WS
235
Wedbush Securities
California
$503K -$7.2K -446 -1%
AWM
236
Atticus Wealth Management
Florida
$493K -$68.9K -4,271 -13%
AWM
237
Apollon Wealth Management
South Carolina
$492K -$893K -55,379 -65%
FHB
238
First Hawaiian Bank
Hawaii
$491K
SFWA
239
Summit Financial Wealth Advisors
Louisiana
$468K +$133K +8,259 +42%
PVI
240
Pine Valley Investments
New Jersey
$468K -$28.2K -1,751 -6%
CAM
241
Cresset Asset Management
Illinois
$461K -$24.4K -1,513 -5%
ACA
242
Aptus Capital Advisors
Alabama
$459K
GWANC
243
Guardian Wealth Advisors (North Carolina)
North Carolina
$457K
O3W
244
Omni 360 Wealth
New Jersey
$455K +$436K +27,001 New
Mercer Global Advisors
245
Mercer Global Advisors
Colorado
$453K -$191K -11,840 -31%
FFS
246
Founders Financial Securities
Maryland
$451K +$323 +20 +0.1%
GLA
247
Good Life Advisors
Pennsylvania
$447K +$66.3K +4,110 +18%
GSIAS
248
Garden State Investment Advisory Services
New Jersey
$440K +$2.87K +178 +0.7%
FPWM
249
FSB Premier Wealth Management
Iowa
$434K +$1.15K +71 +0.3%
PFS
250
Prospect Financial Services
New York
$429K +$411K +25,449 New

FPE Hedge Fund Activity: Q4 2023 in Review

404 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q4 2023, worth a combined $4.13B — up 34% from $3.08B a quarter earlier.

Buyers outnumbered sellers: 57 funds opened new FPE positions and 36 closed out — a net gain of 21 holders — while 127 added to existing stakes and 173 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $691M. The largest seller was Berger Financial Group, cutting an estimated $23.8M.

  • 404 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q4 2023, up from 387 in Q3 2023.
  • Funds reported $4.13B of First Trust Preferred Securities and Income ETF stock for Q4 2023, up 34% quarter-over-quarter.
  • 57 funds opened new First Trust Preferred Securities and Income ETF positions in Q4 2023 and 36 closed out, a net change of +21 holders.
  • The largest First Trust Preferred Securities and Income ETF buyer in Q4 2023 was Morgan Stanley, an estimated $691M added.
  • The largest First Trust Preferred Securities and Income ETF seller in Q4 2023 was Berger Financial Group, an estimated $23.8M sold.

Based on aggregated 13F filings for Q4 2023.