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First Trust Preferred Securities and Income ETF

208 hedge funds and large institutions have $1.64B invested in First Trust Preferred Securities and Income ETF in 2018 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 89 increasing their positions, 48 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

171% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 17

85% more repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 48

23% more funds holding in top 10

Funds holding in top 10: 1316 (+3)

16% more funds holding

Funds holding: 180208 (+28)

8% more capital invested

Capital invested by funds: $1.51B → $1.64B (+$127M)

0.51% more ownership

Funds ownership: 45.88%46.39% (+0.51%)

Holders
208
Holders Change
+28
Holders Change %
+15.56%
% of All Funds
4.77%
Holding in Top 10
16
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+23.08%
% of All Funds
0.37%
New
46
Increased
89
Reduced
48
Closed
17
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Stifel Financial
26
Stifel Financial
Missouri
$8.19M -$1.47M -74,558 -15%
MML Investors Services
27
MML Investors Services
Massachusetts
$7.71M +$996K +50,378 +15%
LFAS
28
Level Four Advisory Services
Texas
$7.58M +$6.24M +315,785 +427%
TWA
29
Tillar-Wenstrup Advisors
Ohio
$7.42M +$7.54M +381,187 New
TFS
30
TrustCore Financial Services
Tennessee
$7.27M +$229K +11,589 +3%
HH
31
Hilltop Holdings
Texas
$7.25M +$7.36M +372,355 New
Comerica Bank
32
Comerica Bank
Texas
$7.11M +$1.44M +72,932 +25%
CAN
33
Cetera Advisor Networks
California
$6.98M -$555K -28,074 -7%
Janney Montgomery Scott
34
Janney Montgomery Scott
Pennsylvania
$6.57M -$1.03M -51,941 -13%
KCM
35
Karp Capital Management
California
$6.46M +$106K +5,354 +2%
WFG
36
Wills Financial Group
Virginia
$5.81M +$111K +5,610 +2%
EWM
37
Empirical Wealth Management
Washington
$5.11M +$1.22M +61,620 +31%
KFA
38
Kabarec Financial Advisors
Illinois
$4.96M +$49.6K +2,507 +1%
GI
39
Gradient Investments
Minnesota
$4.95M -$2.56M -129,437 -34%
PNC
40
Park National Corp
Ohio
$4.92M -$98K -4,958 -2%
TW
41
Transform Wealth
Colorado
$4.49M +$126K +6,350 +3%
WA
42
WESPAC Advisors
California
$4.43M +$2.33M +117,905 +108%
MIFH
43
Migdal Insurance & Financial Holdings
Israel
$4.15M +$229K +11,577 +6%
AIM
44
Aspen Investment Management
Michigan
$4.15M +$1.29M +65,173 +44%
BFEC
45
Benjamin F. Edwards & Company
Missouri
$4.05M +$383K +19,374 +10%
1IA
46
1834 Investment Advisors
Wisconsin
$4.02M +$304K +15,401 +8%
QCIG
47
Quad-Cities Investment Group
Iowa
$4.01M +$4.07M +205,769 New
SWP
48
Stratos Wealth Partners
Ohio
$3.96M +$462K +23,352 +13%
Jane Street
49
Jane Street
New York
$3.85M +$3.91M +197,843 New
IA
50
IFP Advisors
Florida
$3.72M

FPE Hedge Fund Activity: Q1 2018 in Review

208 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q1 2018, worth a combined $1.64B — up 8.4% from $1.51B a quarter earlier.

Buyers outnumbered sellers: 46 funds opened new FPE positions and 17 closed out — a net gain of 29 holders — while 89 added to existing stakes and 48 trimmed.

The largest buyer was CNO Financial Group, opening a new position worth an estimated $39.5M. The largest seller was Brookstone Capital Management, exiting entirely with an estimated $11.3M sold.

  • 208 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q1 2018, up from 180 in Q4 2017.
  • Funds reported $1.64B of First Trust Preferred Securities and Income ETF stock for Q1 2018, up 8.4% quarter-over-quarter.
  • 46 funds opened new First Trust Preferred Securities and Income ETF positions in Q1 2018 and 17 closed out, a net change of +29 holders.
  • The largest First Trust Preferred Securities and Income ETF buyer in Q1 2018 was CNO Financial Group, an estimated $39.5M added.
  • The largest First Trust Preferred Securities and Income ETF seller in Q1 2018 was Brookstone Capital Management, an estimated $11.3M sold.

Based on aggregated 13F filings for Q1 2018.