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First Trust Preferred Securities and Income ETF

52 hedge funds and large institutions have $205M invested in First Trust Preferred Securities and Income ETF in 2015 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 23 increasing their positions, 7 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

229% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 7

157% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 7

41% more capital invested

Capital invested by funds: $145M → $205M (+$59.3M)

24% more funds holding

Funds holding: 4252 (+10)

0.75% more ownership

Funds ownership: 55.81%56.56% (+0.75%)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

Holders
52
Holders Change
+10
Holders Change %
+23.81%
% of All Funds
1.45%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
18
Increased
23
Reduced
7
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Janney Montgomery Scott
26
Janney Montgomery Scott
Pennsylvania
$653K +$114K +5,981 +21%
FHC
27
First Heartland Consultants
Missouri
$610K +$617K +32,518 New
LTFS
28
Ladenburg Thalmann Financial Services
Florida
$478K +$136K +7,141 +39%
CIBC World Market
29
CIBC World Market
Ontario, Canada
$419K +$424K +22,362 New
FWM
30
Frontier Wealth Management
Missouri
$406K +$411K +21,649 New
ASN
31
Advisory Services Network
Georgia
$340K +$284K +14,968 +476%
FIM
32
Freedom Investment Management
Connecticut
$339K +$307K +16,188 New
SI
33
SII Investments
Wisconsin
$324K +$327K +17,253 New
CAN
34
Cetera Advisor Networks
California
$315K +$319K +16,809 New
CA
35
Cetera Advisors
Colorado
$275K +$56.2K +2,963 +25%
ICOA
36
Investment Centers of America
North Dakota
$260K +$264K +13,905 New
FAAS
37
First Allied Advisory Services
California
$255K +$256K +13,467 New
BAS
38
Brown Advisory Securities
Maryland
$241K
VKH
39
Virtu KCG Holdings
New York
$239K +$9.47K +499 +4%
BRWA
40
B. Riley Wealth Advisors
Florida
$238K +$240K +12,656 New
IH
41
IFC Holdings
Florida
$236K +$42.2K +2,222 +22%
UR
42
USCA RIA
Texas
$227K +$230K +12,111 New
NPC
43
National Planning Corporation
California
$210K +$11.9K +629 +6%
FAM
44
Formidable Asset Management
Ohio
$194K -$7.59K -400 -4%
AIM
45
Advantage Investment Management
Iowa
$109K -$843K -44,420 -88%
CMO
46
Covenant Multifamily Offices
Texas
$66K +$66.9K +3,523 New
BFEC
47
Benjamin F. Edwards & Company
Missouri
$44K +$247 +13 +0.6%
PNC Financial Services Group
48
PNC Financial Services Group
Pennsylvania
$42K +$24.3K +1,281 +128%
DADC
49
D.A. Davidson & Co
Montana
$15K
US Bancorp
50
US Bancorp
Minnesota
$9K +$9.49K +500 New

FPE Hedge Fund Activity: Q3 2015 in Review

52 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q3 2015, worth a combined $205M — up 41% from $145M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new FPE positions and 7 closed out — a net gain of 11 holders — while 23 added to existing stakes and 7 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $29.8M. The largest seller was HighTower Advisors, exiting entirely with an estimated $5.03M sold.

  • 52 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q3 2015, up from 42 in Q2 2015.
  • Funds reported $205M of First Trust Preferred Securities and Income ETF stock for Q3 2015, up 41% quarter-over-quarter.
  • 18 funds opened new First Trust Preferred Securities and Income ETF positions in Q3 2015 and 7 closed out, a net change of +11 holders.
  • The largest First Trust Preferred Securities and Income ETF buyer in Q3 2015 was Morgan Stanley, an estimated $29.8M added.
  • The largest First Trust Preferred Securities and Income ETF seller in Q3 2015 was HighTower Advisors, an estimated $5.03M sold.

Based on aggregated 13F filings for Q3 2015.