First Trust Preferred Securities and Income ETF
261 hedge funds and large institutions have $2.14B invested in First Trust Preferred Securities and Income ETF in 2019 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 141 increasing their positions, 50 reducing their positions, and 19 closing their positions.
182% more repeat investments, than reductions
Existing positions increased: 141 | Existing positions reduced: 50
95% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 19
18% more capital invested
Capital invested by funds: $1.82B → $2.14B (+$327M)
17% more funds holding in top 10
Funds holding in top 10: 18 → 21 (+3)
7% more funds holding
Funds holding: 244 → 261 (+17)
0.07% more ownership
Funds ownership: 48.67% → 48.74% (+0.07%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$73.3M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$26.4M |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$21.8M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$19.4M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$11.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LFAS
Level Four Advisory Services
Dallas,
Texas
|
-$12.4M |
| 2 |
NS
NewDay Solutions
Hampton,
New Hampshire
|
-$3.45M |
| 3 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
-$1.95M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$1.9M |
| 5 |
Renaissance Technologies
New York
|
-$1.37M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SFA
276
Semmax Financial Advisors
Winston Salem,
North Carolina
| – | -$13K | -669 | Closed |
|
|
S
277
SignatureFD
Atlanta,
Georgia
| – | -$6K | -323 | Closed |
|
|
BCI
278
Brinker Capital Investments
Berwyn,
Pennsylvania
| – | -$5K | -235 | Closed |
|
279
Fidelity Investments
Boston,
Massachusetts
| – | -$59 | -3 | -75% |
|
|
1NWS
280
1 North Wealth Services
Annapolis,
Maryland
| – | +$20 | +1 | New |
|
FPE Hedge Fund Activity: Q3 2019 in Review
261 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q3 2019, worth a combined $2.14B — up 18% from $1.82B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new FPE positions and 19 closed out — a net gain of 18 holders — while 141 added to existing stakes and 50 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $73.3M. The largest seller was Level Four Advisory Services, exiting entirely with an estimated $12.4M sold.
- 261 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q3 2019, up from 244 in Q2 2019.
- Funds reported $2.14B of First Trust Preferred Securities and Income ETF stock for Q3 2019, up 18% quarter-over-quarter.
- 37 funds opened new First Trust Preferred Securities and Income ETF positions in Q3 2019 and 19 closed out, a net change of +18 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q3 2019 was Morgan Stanley, an estimated $73.3M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q3 2019 was Level Four Advisory Services, an estimated $12.4M sold.
Based on aggregated 13F filings for Q3 2019.