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First Trust Preferred Securities and Income ETF

305 hedge funds and large institutions have $2.59B invested in First Trust Preferred Securities and Income ETF in 2020 Q2 according to their latest regulatory filings, with 46 funds opening new positions, 114 increasing their positions, 102 reducing their positions, and 39 closing their positions.

New
Increased
Maintained
Reduced
Closed

19% more capital invested

Capital invested by funds: $2.18B → $2.59B (+$415M)

18% more first-time investments, than exits

New positions opened: 46 | Existing positions closed: 39

12% more repeat investments, than reductions

Existing positions increased: 114 | Existing positions reduced: 102

1% more funds holding

Funds holding: 301305 (+4)

1.1% more ownership

Funds ownership: 50.41%51.51% (+1.1%)

9% less funds holding in top 10

Funds holding in top 10: 2321 (-2)

Holders
305
Holders Change
+4
Holders Change %
+1.33%
% of All Funds
6.25%
Holding in Top 10
21
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-8.7%
% of All Funds
0.43%
New
46
Increased
114
Reduced
102
Closed
39
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
BFG
26
Beacon Financial Group
Texas
$17.6M +$495K +27,394 +3%
Commonwealth Equity Services
27
Commonwealth Equity Services
Massachusetts
$16.1M -$233K -12,909 -1%
AAP
28
Arax Advisory Partners
Colorado
$15.7M +$282K +15,602 +2%
MFG
29
Magnus Financial Group
New York
$15.3M +$484K +26,839 +3%
MML Investors Services
30
MML Investors Services
Massachusetts
$15.2M -$3.15M -174,486 -17%
HWA
31
HCR Wealth Advisors
California
$12.7M -$233K -12,903 -2%
AAS
32
Avantax Advisory Services
Texas
$11.5M -$435K -24,120 -4%
SWP
33
Stratos Wealth Partners
Ohio
$10.6M +$5M +277,255 +92%
KCM
34
Karp Capital Management
California
$9.86M +$589K +32,616 +6%
LFAS
35
Level Four Advisory Services
Texas
$9.23M -$2.84M -157,258 -24%
First Trust Advisors
36
First Trust Advisors
Illinois
$9.21M +$136K +7,523 +2%
EWM
37
Empirical Wealth Management
Washington
$8.93M -$1.24M -68,847 -12%
JP Morgan Chase
38
JP Morgan Chase
New York
$8.38M -$1.21M -66,817 -13%
SWP
39
Summit Wealth Partners
Florida
$7.9M -$631K -34,979 -8%
SIA
40
Soltis Investment Advisors
Utah
$7.54M -$89.5K -4,956 -1%
UB
41
UMB Bank
Missouri
$7.32M +$1.83M +101,334 +34%
IWP
42
Icon Wealth Partners
Texas
$7.26M -$131K -7,254 -2%
Wells Fargo
43
Wells Fargo
California
$7.16M -$1.11M -61,455 -14%
1IA
44
1834 Investment Advisors
Wisconsin
$6.79M +$567K +31,393 +9%
CAG
45
Csenge Advisory Group
Florida
$6.57M +$2.16M +119,392 +50%
GIA
46
Gladstone Institutional Advisory
Florida
$6.49M +$5.48M +303,620 +623%
AIC
47
Archer Investment Corporation
Indiana
$6.42M -$127K -7,060 -2%
MWPCG
48
Measured Wealth Private Client Group
New Hampshire
$6.31M +$470K +26,012 +8%
Bank of Montreal
49
Bank of Montreal
Ontario, Canada
$6.11M -$944K -52,294 -14%
TC
50
Trilogy Capital
California
$6.07M +$5.82M +322,583 New

FPE Hedge Fund Activity: Q2 2020 in Review

305 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q2 2020, worth a combined $2.59B — up 19% from $2.18B a quarter earlier.

Buyers outnumbered sellers: 46 funds opened new FPE positions and 39 closed out — a net gain of 7 holders — while 114 added to existing stakes and 102 trimmed.

The largest buyer was Grimes & Company, opening a new position worth an estimated $65.1M. The largest seller was Eaton Vance Management, cutting an estimated $38M.

  • 305 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q2 2020, up from 301 in Q1 2020.
  • Funds reported $2.59B of First Trust Preferred Securities and Income ETF stock for Q2 2020, up 19% quarter-over-quarter.
  • 46 funds opened new First Trust Preferred Securities and Income ETF positions in Q2 2020 and 39 closed out, a net change of +7 holders.
  • The largest First Trust Preferred Securities and Income ETF buyer in Q2 2020 was Grimes & Company, an estimated $65.1M added.
  • The largest First Trust Preferred Securities and Income ETF seller in Q2 2020 was Eaton Vance Management, an estimated $38M sold.

Based on aggregated 13F filings for Q2 2020.