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First Trust Preferred Securities and Income ETF

205 hedge funds and large institutions have $1.61B invested in First Trust Preferred Securities and Income ETF in 2018 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 80 increasing their positions, 60 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

95% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 19

33% more repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 60

9% more funds holding

Funds holding: 188205 (+17)

8% more funds holding in top 10

Funds holding in top 10: 1213 (+1)

4% more capital invested

Capital invested by funds: $1.55B → $1.61B (+$68.5M)

0.43% more ownership

Funds ownership: 44.41%44.84% (+0.43%)

Holders
205
Holders Change
+17
Holders Change %
+9.04%
% of All Funds
4.69%
Holding in Top 10
13
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+8.33%
% of All Funds
0.3%
New
37
Increased
80
Reduced
60
Closed
19
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
First Trust Advisors
26
First Trust Advisors
Illinois
$9.96M -$308K -16,052 -3%
LFAS
27
Level Four Advisory Services
Texas
$9.79M +$1.3M +67,483 +15%
OA
28
Oxbow Advisors
Texas
$9.76M +$1.21M +62,820 +14%
LTFS
29
Ladenburg Thalmann Financial Services
Florida
$9.33M +$191K +9,962 +2%
MML Investors Services
30
MML Investors Services
Massachusetts
$8.45M +$172K +8,942 +2%
GI
31
Gradient Investments
Minnesota
$7.71M -$416K -21,662 -5%
Janney Montgomery Scott
32
Janney Montgomery Scott
Pennsylvania
$7.39M +$517K +26,928 +7%
FAAS
33
First Allied Advisory Services
California
$7.18M -$384K -20,006 -5%
TFS
34
TrustCore Financial Services
Tennessee
$6.96M +$49.6K +2,585 +0.7%
KCM
35
Karp Capital Management
California
$6.86M +$336K +17,530 +5%
EWM
36
Empirical Wealth Management
Washington
$6.46M +$1.56M +81,166 +32%
WFG
37
Wills Financial Group
Virginia
$6.06M +$64.8K +3,379 +1%
RFM
38
Royal Fund Management
Florida
$5.72M -$343K -17,876 -6%
Comerica Bank
39
Comerica Bank
Texas
$5.6M -$940K -48,976 -14%
PNC
40
Park National Corp
Ohio
$5.5M +$567K +29,563 +11%
WA
41
WESPAC Advisors
California
$4.96M +$1.77M +91,979 +55%
TW
42
Transform Wealth
Colorado
$4.76M +$247K +12,862 +5%
BFEC
43
Benjamin F. Edwards & Company
Missouri
$4.37M +$373K +19,426 +9%
QCIG
44
Quad-Cities Investment Group
Iowa
$4.21M +$74.3K +3,872 +2%
1IA
45
1834 Investment Advisors
Wisconsin
$4.07M +$71.3K +3,713 +2%
AIM
46
Aspen Investment Management
Michigan
$4.05M -$48.2K -2,511 -1%
CAG
47
Csenge Advisory Group
Florida
$4.05M +$746K +38,883 +22%
Envestnet Asset Management
48
Envestnet Asset Management
Illinois
$3.91M -$421K -21,925 -10%
PNC Financial Services Group
49
PNC Financial Services Group
Pennsylvania
$3.54M +$509K +26,500 +17%
FEG
50
Financial Enhancement Group
Indiana
$3.48M -$7.81K -407 -0.2%

FPE Hedge Fund Activity: Q3 2018 in Review

205 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q3 2018, worth a combined $1.61B — up 4.4% from $1.55B a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new FPE positions and 19 closed out — a net gain of 18 holders — while 80 added to existing stakes and 60 trimmed.

The largest buyer was Royal Bank of Canada, adding an estimated $22M. The largest seller was Beacon Financial Group, cutting an estimated $19.2M.

  • 205 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q3 2018, up from 188 in Q2 2018.
  • Funds reported $1.61B of First Trust Preferred Securities and Income ETF stock for Q3 2018, up 4.4% quarter-over-quarter.
  • 37 funds opened new First Trust Preferred Securities and Income ETF positions in Q3 2018 and 19 closed out, a net change of +18 holders.
  • The largest First Trust Preferred Securities and Income ETF buyer in Q3 2018 was Royal Bank of Canada, an estimated $22M added.
  • The largest First Trust Preferred Securities and Income ETF seller in Q3 2018 was Beacon Financial Group, an estimated $19.2M sold.

Based on aggregated 13F filings for Q3 2018.