First Trust Preferred Securities and Income ETF
304 hedge funds and large institutions have $2.47B invested in First Trust Preferred Securities and Income ETF in 2019 Q4 according to their latest regulatory filings, with 68 funds opening new positions, 150 increasing their positions, 51 reducing their positions, and 22 closing their positions.
209% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 22
194% more repeat investments, than reductions
Existing positions increased: 150 | Existing positions reduced: 51
16% more funds holding
Funds holding: 261 → 304 (+43)
15% more capital invested
Capital invested by funds: $2.14B → $2.47B (+$327M)
10% more funds holding in top 10
Funds holding in top 10: 21 → 23 (+2)
0.33% more ownership
Funds ownership: 48.74% → 49.07% (+0.33%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$83.8M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$25.7M |
| 3 |
Truist Financial
Charlotte,
North Carolina
|
+$25.1M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$17M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$15.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
-$24.2M |
| 2 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$18.8M |
| 3 |
MIFH
Migdal Insurance & Financial Holdings
Petach Tikva,
Israel
|
-$4.5M |
| 4 |
PCM
Price Capital Management
Lafayette,
Louisiana
|
-$4.01M |
| 5 |
TC
Trilogy Capital
Irvine,
California
|
-$3.81M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
326
AssetMark Inc
Concord,
California
| – | -$5K | -265 | Closed |
|
327
Fidelity Investments
Boston,
Massachusetts
| – | +$80 | +4 | +400% |
|
FPE Hedge Fund Activity: Q4 2019 in Review
304 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q4 2019, worth a combined $2.47B — up 15% from $2.14B a quarter earlier.
Buyers outnumbered sellers: 68 funds opened new FPE positions and 22 closed out — a net gain of 46 holders — while 150 added to existing stakes and 51 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $83.8M. The largest seller was HighTower Advisors, exiting entirely with an estimated $24.2M sold.
- 304 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q4 2019, up from 261 in Q3 2019.
- Funds reported $2.47B of First Trust Preferred Securities and Income ETF stock for Q4 2019, up 15% quarter-over-quarter.
- 68 funds opened new First Trust Preferred Securities and Income ETF positions in Q4 2019 and 22 closed out, a net change of +46 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q4 2019 was Morgan Stanley, an estimated $83.8M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q4 2019 was HighTower Advisors, an estimated $24.2M sold.
Based on aggregated 13F filings for Q4 2019.