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First Trust Preferred Securities and Income ETF

397 hedge funds and large institutions have $3.15B invested in First Trust Preferred Securities and Income ETF in 2023 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 138 increasing their positions, 162 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

268% more call options, than puts

Call options by funds: $125K | Put options by funds: $34K

16% more funds holding in top 10

Funds holding in top 10: 1922 (+3)

13% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 40

1.82% more ownership

Funds ownership: 57.67%59.49% (+1.8%)

1% more capital invested

Capital invested by funds: $3.1B → $3.15B (+$45.7M)

0% more funds holding

Funds holding: 397397 (0)

15% less repeat investments, than reductions

Existing positions increased: 138 | Existing positions reduced: 162

Holders
397
Holders Change
Holders Change %
0%
% of All Funds
6.23%
Holding in Top 10
22
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+15.79%
% of All Funds
0.35%
New
45
Increased
138
Reduced
162
Closed
40
Calls
$125K
Puts
$34K
Net Calls
+$91K
Net Calls Change
+$23K
Name Holding Trade Value Shares
Change
Change in
Stake
Truist Financial
26
Truist Financial
North Carolina
$17.4M -$3.99M -250,874 -19%
EWM
27
Empirical Wealth Management
Washington
$16.4M +$597K +37,548 +4%
Baird Financial Group
28
Baird Financial Group
Wisconsin
$15.7M -$4.91M -308,750 -24%
TLP
29
Trinity Legacy Partners
Texas
$15.7M -$56.5K -3,552 -0.4%
MML Investors Services
30
MML Investors Services
Massachusetts
$14.6M +$14.5M +911,861 New
TNBTD
31
Trustmark National Bank Trust Department
Mississippi
$14.3M -$437K -27,496 -3%
Renaissance Technologies
32
Renaissance Technologies
New York
$14.2M +$14.1M +887,329 New
Bank of Montreal
33
Bank of Montreal
Ontario, Canada
$12.7M -$120K -7,578 -0.9%
HWA
34
HCR Wealth Advisors
California
$12.7M -$24.6K -1,545 -0.2%
AWE
35
Avidian Wealth Enterprises
Texas
$12.5M -$3.94M -247,567 -24%
GI
36
Gradient Investments
Minnesota
$11.7M +$469K +29,482 +4%
NA
37
NewEdge Advisors
Louisiana
$11.6M +$9.17M +576,640 +386%
CCA
38
Clearwater Capital Advisors
Illinois
$11.4M +$527K +33,160 +5%
SFG
39
StrategIQ Financial Group
Indiana
$10.9M +$557K +35,062 +5%
TW
40
Transform Wealth
Colorado
$10.7M +$682K +42,930 +7%
PFS
41
Prospera Financial Services
Texas
$8.72M +$2.69M +168,930 +45%
Citigroup
42
Citigroup
New York
$8.53M +$687K +43,220 +9%
Mariner
43
Mariner
Kansas
$8.1M +$396K +24,911 +5%
HI
44
Harbour Investments
Wisconsin
$8.03M -$1.27M -80,018 -14%
FA
45
Flagstar Advisors
New York
$7.66M -$435K -27,363 -5%
NRI
46
NFP Retirement Inc
California
$7.64M +$963K +60,551 +14%
FEG
47
Financial Enhancement Group
Indiana
$7.55M +$257K +16,185 +4%
RCIM
48
Red Cedar Investment Management
Michigan
$7.42M -$3.68M -231,766 -33%
CAN
49
Cetera Advisor Networks
California
$7.4M -$611K -38,456 -8%
PAG
50
Private Advisor Group
New Jersey
$7.39M -$120K -7,530 -2%

FPE Hedge Fund Activity: Q2 2023 in Review

397 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Trust Preferred Securities and Income ETF (FPE) for Q2 2023, worth a combined $3.15B — up 1.5% from $3.1B a quarter earlier.

Buyers outnumbered sellers: 45 funds opened new FPE positions and 40 closed out — a net gain of 5 holders — while 138 added to existing stakes and 162 trimmed.

The largest buyer was Jane Street, adding an estimated $39M. The largest seller was State of Tennessee, Department of Treasury, cutting an estimated $30.7M.

  • 397 institutional investors held First Trust Preferred Securities and Income ETF (FPE) as of Q2 2023, unchanged from Q1 2023.
  • Funds reported $3.15B of First Trust Preferred Securities and Income ETF stock for Q2 2023, up 1.5% quarter-over-quarter.
  • 45 funds opened new First Trust Preferred Securities and Income ETF positions in Q2 2023 and 40 closed out, a net change of +5 holders.
  • The largest First Trust Preferred Securities and Income ETF buyer in Q2 2023 was Jane Street, an estimated $39M added.
  • The largest First Trust Preferred Securities and Income ETF seller in Q2 2023 was State of Tennessee, Department of Treasury, an estimated $30.7M sold.

Based on aggregated 13F filings for Q2 2023.