First Trust Preferred Securities and Income ETF
402 hedge funds and large institutions have $3.7B invested in First Trust Preferred Securities and Income ETF in 2022 Q3 according to their latest regulatory filings, with 40 funds opening new positions, 142 increasing their positions, 151 reducing their positions, and 39 closing their positions.
4% more funds holding in top 10
Funds holding in top 10: 28 → 29 (+1)
1.52% more ownership
Funds ownership: 58.13% → 59.65% (+1.5%)
3% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 39
0% less capital invested
Capital invested by funds: $3.7B → $3.7B (-$3.25M)
1% less funds holding
Funds holding: 406 → 402 (-4)
6% less repeat investments, than reductions
Existing positions increased: 142 | Existing positions reduced: 151
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$66.6M |
| 2 |
Jane Street
New York
|
+$29.7M |
| 3 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$23.8M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$18.3M |
| 5 |
State of Tennessee, Department of Treasury
Nashville,
Tennessee
|
+$14.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$24.6M |
| 2 |
SA
Stonebridge Advisors
Wilton,
Connecticut
|
-$19.7M |
| 3 |
SFWA
Summit Financial Wealth Advisors
Lafayette,
Louisiana
|
-$19.6M |
| 4 |
Morgan Stanley
New York
|
-$17.2M |
| 5 |
SWM
Southern Wealth Management
Dallas,
Texas
|
-$16.9M |
FPE Hedge Fund Activity: Q3 2022 in Review
402 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q3 2022, worth a combined $3.7B — down 0.09% from $3.7B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new FPE positions and 39 closed out — a net gain of 1 holder — while 142 added to existing stakes and 151 trimmed.
The largest buyer was Royal Bank of Canada, adding an estimated $66.6M. The largest seller was Bank of America, cutting an estimated $24.6M.
- 402 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q3 2022, down from 406 in Q2 2022.
- Funds reported $3.7B of First Trust Preferred Securities and Income ETF stock for Q3 2022, down 0.09% quarter-over-quarter.
- 40 funds opened new First Trust Preferred Securities and Income ETF positions in Q3 2022 and 39 closed out, a net change of +1 holder.
- The largest First Trust Preferred Securities and Income ETF buyer in Q3 2022 was Royal Bank of Canada, an estimated $66.6M added.
- The largest First Trust Preferred Securities and Income ETF seller in Q3 2022 was Bank of America, an estimated $24.6M sold.
Based on aggregated 13F filings for Q3 2022.