First Trust Preferred Securities and Income ETF
301 hedge funds and large institutions have $2.18B invested in First Trust Preferred Securities and Income ETF in 2020 Q1 according to their latest regulatory filings, with 53 funds opening new positions, 129 increasing their positions, 88 reducing their positions, and 48 closing their positions.
47% more repeat investments, than reductions
Existing positions increased: 129 | Existing positions reduced: 88
10% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 48
1.34% more ownership
Funds ownership: 49.07% → 50.41% (+1.3%)
0% more funds holding in top 10
Funds holding in top 10: 23 → 23 (0)
0% more call options, than puts
Call options by funds: $4K | Put options by funds: $4K
1% less funds holding
Funds holding: 304 → 301 (-3)
12% less capital invested
Capital invested by funds: $2.47B → $2.18B (-$296M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$221M |
| 2 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
+$20.8M |
| 3 |
MFG
Magnus Financial Group
New York
|
+$14.9M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$14.9M |
| 5 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$13.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$59.9M |
| 2 |
MAP
Milestone Advisory Partners
Southern Pines,
North Carolina
|
-$29.2M |
| 3 |
TC
Trilogy Capital
Irvine,
California
|
-$19.3M |
| 4 |
Renaissance Technologies
New York
|
-$14.1M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$12.8M |
FPE Hedge Fund Activity: Q1 2020 in Review
301 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q1 2020, worth a combined $2.18B — down 12% from $2.47B a quarter earlier.
Buyers outnumbered sellers: 53 funds opened new FPE positions and 48 closed out — a net gain of 5 holders — while 129 added to existing stakes and 88 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $221M. The largest seller was Raymond James Financial Services Advisors, exiting entirely with an estimated $59.9M sold.
- 301 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q1 2020, down from 304 in Q4 2019.
- Funds reported $2.18B of First Trust Preferred Securities and Income ETF stock for Q1 2020, down 12% quarter-over-quarter.
- 53 funds opened new First Trust Preferred Securities and Income ETF positions in Q1 2020 and 48 closed out, a net change of +5 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q1 2020 was Morgan Stanley, an estimated $221M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q1 2020 was Raymond James Financial Services Advisors, an estimated $59.9M sold.
Based on aggregated 13F filings for Q1 2020.