First Trust Preferred Securities and Income ETF
180 hedge funds and large institutions have $1.51B invested in First Trust Preferred Securities and Income ETF in 2017 Q4 according to their latest regulatory filings, with 60 funds opening new positions, 83 increasing their positions, 21 reducing their positions, and 16 closing their positions.
295% more repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 21
275% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 16
63% more funds holding in top 10
Funds holding in top 10: 8 → 13 (+5)
32% more funds holding
Funds holding: 136 → 180 (+44)
17% more capital invested
Capital invested by funds: $1.29B → $1.51B (+$224M)
0.46% less ownership
Funds ownership: 46.34% → 45.88% (-0.46%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$67.9M |
| 2 |
HWA
HCR Wealth Advisors
Los Angeles,
California
|
+$23.3M |
| 3 |
FAM
Flaharty Asset Management
Clearwater,
Florida
|
+$18M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$17.6M |
| 5 |
QAM
QCI Asset Management
Pittsford,
New York
|
+$16M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MMA
Miracle Mile Advisors
Los Angeles,
California
|
-$44M |
| 2 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
-$4.2M |
| 3 |
ICOA
Investment Centers of America
Bismarck,
North Dakota
|
-$2.26M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$1.73M |
| 5 |
PCM
Price Capital Management
Lafayette,
Louisiana
|
-$1.73M |
FPE Hedge Fund Activity: Q4 2017 in Review
180 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q4 2017, worth a combined $1.51B — up 17% from $1.29B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new FPE positions and 16 closed out — a net gain of 44 holders — while 83 added to existing stakes and 21 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $67.9M. The largest seller was Miracle Mile Advisors, exiting entirely with an estimated $44M sold.
- 180 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q4 2017, up from 136 in Q3 2017.
- Funds reported $1.51B of First Trust Preferred Securities and Income ETF stock for Q4 2017, up 17% quarter-over-quarter.
- 60 funds opened new First Trust Preferred Securities and Income ETF positions in Q4 2017 and 16 closed out, a net change of +44 holders.
- The largest First Trust Preferred Securities and Income ETF buyer in Q4 2017 was Morgan Stanley, an estimated $67.9M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q4 2017 was Miracle Mile Advisors, an estimated $44M sold.
Based on aggregated 13F filings for Q4 2017.