First Trust Preferred Securities and Income ETF
405 hedge funds and large institutions have $3.24B invested in First Trust Preferred Securities and Income ETF in 2024 Q2 according to their latest regulatory filings, with 43 funds opening new positions, 145 increasing their positions, 157 reducing their positions, and 36 closing their positions.
19% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 36
0.16% more ownership
Funds ownership: 61.49% → 61.65% (+0.16%)
0% more funds holding
Funds holding: 405 → 405 (0)
0% more funds holding in top 10
Funds holding in top 10: 19 → 19 (0)
1% less capital invested
Capital invested by funds: $3.26B → $3.24B (-$19.7M)
8% less repeat investments, than reductions
Existing positions increased: 145 | Existing positions reduced: 157
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $174K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
+$45.2M |
| 2 |
AWM
Affinity Wealth Management
Wilmington,
Delaware
|
+$23.3M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$8.05M |
| 4 |
AIP
Ameritas Investment Partners
Lincoln,
Nebraska
|
+$6.56M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$6.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$35.2M |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$21M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$17.3M |
| 4 |
Renaissance Technologies
New York
|
-$14.1M |
| 5 |
AO
Advisor OS
Chicago,
Illinois
|
-$8.22M |
FPE Hedge Fund Activity: Q2 2024 in Review
405 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q2 2024, worth a combined $3.24B — down 0.6% from $3.26B a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new FPE positions and 36 closed out — a net gain of 7 holders — while 145 added to existing stakes and 157 trimmed.
The largest buyer was HighTower Advisors, opening a new position worth an estimated $45.2M. The largest seller was Bank of America, cutting an estimated $35.2M.
- 405 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q2 2024, unchanged from Q1 2024.
- Funds reported $3.24B of First Trust Preferred Securities and Income ETF stock for Q2 2024, down 0.6% quarter-over-quarter.
- 43 funds opened new First Trust Preferred Securities and Income ETF positions in Q2 2024 and 36 closed out, a net change of +7 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q2 2024 was HighTower Advisors, an estimated $45.2M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q2 2024 was Bank of America, an estimated $35.2M sold.
Based on aggregated 13F filings for Q2 2024.