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First Trust Preferred Securities and Income ETF

88 hedge funds and large institutions have $647M invested in First Trust Preferred Securities and Income ETF in 2016 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 38 increasing their positions, 17 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

229% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 7

124% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 17

100% more funds holding in top 10

Funds holding in top 10: 36 (+3)

36% more capital invested

Capital invested by funds: $477M → $647M (+$170M)

19% more funds holding

Funds holding: 7488 (+14)

0.29% more ownership

Funds ownership: 52.12%52.41% (+0.29%)

Holders
88
Holders Change
+14
Holders Change %
+18.92%
% of All Funds
2.35%
Holding in Top 10
6
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+100%
% of All Funds
0.16%
New
23
Increased
38
Reduced
17
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
SAM
26
Stringer Asset Management
Tennessee
$2.74M +$1.84M +94,429 +208%
AIM
27
Aspen Investment Management
Michigan
$2.71M +$52.7K +2,700 +2%
Baird Financial Group
28
Baird Financial Group
Wisconsin
$2.66M +$521K +26,715 +24%
Commonwealth Equity Services
29
Commonwealth Equity Services
Massachusetts
$2.43M +$420K +21,530 +21%
FHC
30
First Heartland Consultants
Missouri
$1.86M -$40K -2,052 -2%
HFS
31
HL Financial Services
Kentucky
$1.8M -$268K -13,730 -13%
ACM
32
Aviance Capital Management
Florida
$1.56M +$1.56M +79,943 New
CA
33
Cetera Advisors
Colorado
$1.51M +$300K +15,367 +25%
ST
34
Spinnaker Trust
Maine
$1.36M +$1.36M +69,496 New
FWM
35
Frontier Wealth Management
Missouri
$1.29M +$1.29M +66,065 New
Wells Fargo
36
Wells Fargo
California
$1.27M +$13.9K +714 +1%
FEG
37
Financial Enhancement Group
Indiana
$1.2M -$34K -1,743 -3%
HCIA
38
Hochman Cole Investment Advisors
Illinois
$1.18M +$210K +10,766 +22%
TC
39
Telemus Capital
Michigan
$1.17M
SI
40
SII Investments
Wisconsin
$1.13M -$373K -19,128 -25%
ICOA
41
Investment Centers of America
North Dakota
$1.11M +$773K +39,600 +234%
ACM
42
Argentus Capital Management
Texas
$1.08M -$43.4K -2,226 -4%
JP Morgan Chase
43
JP Morgan Chase
New York
$1.07M -$2.83K -145 -0.3%
PNC Financial Services Group
44
PNC Financial Services Group
Pennsylvania
$1.03M +$241K +12,335 +30%
Envestnet Asset Management
45
Envestnet Asset Management
Illinois
$1.01M -$6.28M -321,743 -86%
EWM
46
Empirical Wealth Management
Washington
$929K +$927K +47,534 New
IA
47
IFP Advisors
Florida
$918K -$364K -18,649 -28%
FTUS
48
Flow Traders U.S.
New York
$748K +$747K +38,265 New
LA
49
LVW Advisors
New York
$651K +$373K +19,118 +135%
ONB
50
Old National Bancorp
Indiana
$627K -$24.5K -1,255 -4%

FPE Hedge Fund Activity: Q3 2016 in Review

88 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q3 2016, worth a combined $647M — up 36% from $477M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new FPE positions and 7 closed out — a net gain of 16 holders — while 38 added to existing stakes and 17 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $41.1M. The largest seller was Envestnet Asset Management, cutting an estimated $6.28M.

  • 88 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q3 2016, up from 74 in Q2 2016.
  • Funds reported $647M of First Trust Preferred Securities and Income ETF stock for Q3 2016, up 36% quarter-over-quarter.
  • 23 funds opened new First Trust Preferred Securities and Income ETF positions in Q3 2016 and 7 closed out, a net change of +16 holders.
  • The largest First Trust Preferred Securities and Income ETF buyer in Q3 2016 was Morgan Stanley, an estimated $41.1M added.
  • The largest First Trust Preferred Securities and Income ETF seller in Q3 2016 was Envestnet Asset Management, an estimated $6.28M sold.

Based on aggregated 13F filings for Q3 2016.