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First Trust Preferred Securities and Income ETF

74 hedge funds and large institutions have $477M invested in First Trust Preferred Securities and Income ETF in 2016 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 43 increasing their positions, 11 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

291% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 11

8% more capital invested

Capital invested by funds: $442M → $477M (+$34.7M)

8% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 12

1% less funds holding

Funds holding: 7574 (-1)

6.67% less ownership

Funds ownership: 58.78%52.12% (-6.7%)

25% less funds holding in top 10

Funds holding in top 10: 43 (-1)

Holders
74
Holders Change
-1
Holders Change %
-1.33%
% of All Funds
1.97%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.08%
New
13
Increased
43
Reduced
11
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SI
26
SII Investments
Wisconsin
$1.46M +$54K +2,848 +4%
PNC
27
Park National Corp
Ohio
$1.46M +$1.01M +53,246 +228%
CAN
28
Cetera Advisor Networks
California
$1.32M +$326K +17,203 +33%
IA
29
IFP Advisors
Florida
$1.25M +$337K +17,793 +37%
Wells Fargo
30
Wells Fargo
California
$1.22M +$197K +10,401 +19%
FEG
31
Financial Enhancement Group
Indiana
$1.2M +$18.8K +992 +2%
CA
32
Cetera Advisors
Colorado
$1.17M +$242K +12,790 +26%
TC
33
Telemus Capital
Michigan
$1.14M
ACM
34
Argentus Capital Management
Texas
$1.09M -$973K -51,341 -47%
JP Morgan Chase
35
JP Morgan Chase
New York
$1.04M +$73K +3,853 +8%
HCIA
36
Hochman Cole Investment Advisors
Illinois
$943K +$591K +31,221 +170%
VKH
37
Virtu KCG Holdings
New York
$902K +$898K +47,428 New
SAM
38
Stringer Asset Management
Tennessee
$865K -$50.9K -2,688 -6%
PNC Financial Services Group
39
PNC Financial Services Group
Pennsylvania
$771K +$546K +28,803 +245%
ONB
40
Old National Bancorp
Indiana
$635K -$172K -9,077 -21%
BIG
41
Bellwether Investment Group
Tennessee
$586K +$584K +30,806 New
SWP
42
Stratos Wealth Partners
Ohio
$502K +$500K +26,380 New
NFG
43
Next Financial Group
Texas
$487K +$68.6K +3,622 +16%
WA
44
WESPAC Advisors
California
$446K +$110K +5,805 +33%
ASN
45
Advisory Services Network
Georgia
$444K +$265 +14 +0.1%
GS
46
Girard Securities
California
$378K -$74.4K -3,925 -16%
ISB
47
Iowa State Bank
Iowa
$337K +$335K +17,704 New
ICOA
48
Investment Centers of America
North Dakota
$323K +$15.7K +831 +5%
LWAC
49
Laurel Wealth Advisors (California)
California
$299K +$40K +2,114 +16%
LA
50
LVW Advisors
New York
$270K

FPE Hedge Fund Activity: Q2 2016 in Review

74 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q2 2016, worth a combined $477M — up 7.9% from $442M a quarter earlier.

Buyers outnumbered sellers: 13 funds opened new FPE positions and 12 closed out — a net gain of 1 holder — while 43 added to existing stakes and 11 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $25M. The largest seller was LPL Financial, cutting an estimated $19.9M.

  • 74 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q2 2016, down from 75 in Q1 2016.
  • Funds reported $477M of First Trust Preferred Securities and Income ETF stock for Q2 2016, up 7.9% quarter-over-quarter.
  • 13 funds opened new First Trust Preferred Securities and Income ETF positions in Q2 2016 and 12 closed out, a net change of +1 holder.
  • The largest First Trust Preferred Securities and Income ETF buyer in Q2 2016 was Morgan Stanley, an estimated $25M added.
  • The largest First Trust Preferred Securities and Income ETF seller in Q2 2016 was LPL Financial, an estimated $19.9M sold.

Based on aggregated 13F filings for Q2 2016.