First Trust Preferred Securities and Income ETF
387 hedge funds and large institutions have $3.08B invested in First Trust Preferred Securities and Income ETF in 2023 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 137 increasing their positions, 166 reducing their positions, and 41 closing their positions.
0.42% more ownership
Funds ownership: 59.49% → 59.91% (+0.42%)
2% less capital invested
Capital invested by funds: $3.15B → $3.08B (-$67.8M)
3% less funds holding
Funds holding: 397 → 387 (-10)
5% less funds holding in top 10
Funds holding in top 10: 22 → 21 (-1)
17% less repeat investments, than reductions
Existing positions increased: 137 | Existing positions reduced: 166
22% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 41
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HighTower Advisors
Chicago,
Illinois
|
+$41.5M |
| 2 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$11.6M |
| 3 |
OPAM
Ocean Park Asset Management
Santa Monica,
California
|
+$9.53M |
| 4 |
Comerica Bank
Dallas,
Texas
|
+$7.25M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$4.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$53M |
| 2 |
State of Tennessee, Department of Treasury
Nashville,
Tennessee
|
-$17M |
| 3 |
PG
Prostatis Group
Hanover,
Maryland
|
-$14.8M |
| 4 |
CCA
Clearwater Capital Advisors
Hoffman Estates,
Illinois
|
-$11.4M |
| 5 |
Renaissance Technologies
New York
|
-$8.13M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GFPC
426
Global Financial Private Client
Sarasota,
Florida
| – | -$3.29K | -205 | Closed |
|
|
BEI
427
Benjamin Edwards Inc
Clayton,
Missouri
| – | -$2K | -123 | Closed |
|
428
Qube Research & Technologies (QRT)
London,
United Kingdom
| – | -$6.4K | -112 | Closed |
|
|
MPWT
429
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| – | -$1.6K | -100 | Closed |
|
FPE Hedge Fund Activity: Q3 2023 in Review
387 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q3 2023, worth a combined $3.08B — down 2.2% from $3.15B a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of FPE and 32 opened new positions — a net loss of 9 holders — while 166 trimmed existing stakes and 137 added.
The largest buyer was HighTower Advisors, opening a new position worth an estimated $41.5M. The largest seller was Jane Street, cutting an estimated $53M.
- 387 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q3 2023, down from 397 in Q2 2023.
- Funds reported $3.08B of First Trust Preferred Securities and Income ETF stock for Q3 2023, down 2.2% quarter-over-quarter.
- 32 funds opened new First Trust Preferred Securities and Income ETF positions in Q3 2023 and 41 closed out, a net change of -9 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q3 2023 was HighTower Advisors, an estimated $41.5M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q3 2023 was Jane Street, an estimated $53M sold.
Based on aggregated 13F filings for Q3 2023.